Dow Component Coca-Cola (KO) To Go Ex-dividend Tomorrow

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.

The Dow Jones Industrial Average ( ^DJI) is trading down 42.0 points (-0.3%) at 12,925 as of Tuesday, Nov 27, 2012, 10:35 a.m. ET. During this time, 139.9 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 613.7 million. The NYSE advances/declines ratio sits at 1,253 issues advancing vs. 1,567 declining with 147 unchanged.
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Wednesday, November 28, 2012 is the ex-dividend date for Dow component Coca-Cola (NYSE: KO). Owners of shares as of market close today will be eligible for a dividend of 26 cents per share. At a price of $37.59 as of 10:35 a.m. ET, the dividend yield is 2.7% compared to the average Dow component yield of 2.9%.

The average volume for Coca-Cola has been 17.2 million shares per day over the past 30 days. Coca-Cola has a market cap of $170.12 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 8.4% year to date as of Monday's close.

The Coca-Cola Company, a beverage company, engages in the manufacture, marketing, and sale of nonalcoholic beverages worldwide. The company primarily offers sparkling beverages and still beverages. The company has a P/E ratio of 19.8, below the average food & beverage industry P/E ratio of 19.9.
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TheStreet Ratings rates Coca-Cola as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, revenue growth, expanding profit margins, good cash flow from operations and growth in earnings per share. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

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