Dow Component International Business Machines (IBM) 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 116 points (+0.8%) at 13,996 as of Tuesday, Feb 5, 2013, 10:35 a.m. ET. During this time, 135.5 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 632.6 million. The NYSE advances/declines ratio sits at 2,085 issues advancing vs. 724 declining with 143 unchanged.
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Wednesday, February 6, 2013 is the ex-dividend date for Dow component International Business Machines (NYSE: IBM). Owners of shares as of market close today will be eligible for a dividend of 85 cents per share. At a price of $203.51 as of 10:35 a.m. ET, the dividend yield is 1.7% compared to the average Dow component yield of 2.7%.

The average volume for International Business Machines has been four million shares per day over the past 30 days. International Business Machines has a market cap of $231.84 billion and is part of the technology sector and computer hardware industry. Shares are up 6.4% year to date as of Monday's close.

International Business Machines Corporation provides information technology (IT) products and services worldwide. The company operates in five segments: Global Technology Services, Global Business Services, Software, Systems and Technology, and Global Financing. The company has a P/E ratio of 13.5, below the average computer hardware industry P/E ratio of 14.3.
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TheStreet Ratings rates International Business Machines as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

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