Apple Stock To Go Ex-dividend Tomorrow (AAPL)

NEW YORK ( TheStreet) -- The ex-dividend date for Apple (Nasdaq: AAPL) is tomorrow, August 9, 2012. Owners of shares as of market close today will be eligible for a dividend of $2.65 per share. At a price of $619.18 as of 9:30 a.m. ET, the dividend yield is 1.7%.

The average volume for Apple has been 15.2 million shares per day over the past 30 days. Apple has a market cap of $583.58 billion and is part of the technology sector and computer hardware industry. Shares are up 53.7% year to date as of the close of trading on Tuesday.

Apple Inc., together with subsidiaries, designs, manufactures, and markets personal computers, mobile communication devices, and portable digital music and video players, as well as sells various related software, services, peripherals, and networking solutions. The company has a P/E ratio of 14.6, equal to the average computer hardware industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Apple as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Apple Ratings Report.

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