Dow Component Walt Disney (DIS) 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 up three points at 12,954 as of Wednesday, Dec 5, 2012, 10:35 a.m. ET. During this time, 236.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 629.2 million. The NYSE advances/declines ratio sits at 1,139 issues advancing vs. 1,660 declining with 156 unchanged.
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Thursday, December 6, 2012 is the ex-dividend date for Dow component Walt Disney (NYSE: DIS). Owners of shares as of market close today will be eligible for a dividend of 75 cents per share. At a price of $49.36 as of 10:35 a.m. ET, the dividend yield is 1.5% compared to the average Dow component yield of 2.9%.

The average volume for Walt Disney has been 8.7 million shares per day over the past 30 days. Walt Disney has a market cap of $87.35 billion and is part of the services sector and media industry. Shares are up 31.4% year to date as of Tuesday's close.

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company has a P/E ratio of 15.7, equal to the average media industry P/E ratio.
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TheStreet Ratings rates Walt Disney 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, revenue growth, notable return on equity and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

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