Apple Stock To Go Ex-dividend Tomorrow (AAPL)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- The ex-dividend date for Apple (Nasdaq: AAPL) is tomorrow, November 7, 2012. Owners of shares as of market close today will be eligible for a dividend of $2.65 per share. At a price of $589.65 as of 9:30 a.m. ET, the dividend yield is 1.8%.

The average volume for Apple has been 17 million shares per day over the past 30 days. Apple has a market cap of $542.59 billion and is part of the technology sector and computer hardware industry. Shares are up 44.4% year to date as of the close of trading on Monday.

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 13.1, 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 solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. 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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