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, February 7, 2013. Owners of shares as of market close today will be eligible for a dividend of $2.65 per share. At a price of $457.26 as of 9:30 a.m. ET, the dividend yield is 2.4%.

The average volume for Apple has been 21.7 million shares per day over the past 30 days. Apple has a market cap of $415.36 billion and is part of the technology sector and computer hardware industry. Shares are down 16.9% 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 10, 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, increase in net income, increase in stock price during the past year and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Apple Ratings Report.

See our dividend calendar or top-yielding stocks list.

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