Dow Component General Electric (GE) 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 2.0 points at 14,033 as of Wednesday, Feb 20, 2013, 10:35 a.m. ET. During this time, 121.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 619 million. The NYSE advances/declines ratio sits at 1,114 issues advancing vs. 1,663 declining with 154 unchanged.
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Thursday, February 21, 2013 is the ex-dividend date for Dow component General Electric (NYSE: GE). Owners of shares as of market close today will be eligible for a dividend of 19 cents per share. At a price of $23.66 as of 10:36 a.m. ET, the dividend yield is 3.3% compared to the average Dow component yield of 2.7%.

The average volume for General Electric has been 42.6 million shares per day over the past 30 days. General Electric has a market cap of $244.23 billion and is part of the industrial goods sector and industrial industry. Shares are up 11% year to date as of Tuesday's close.

General Electric Company operates as a technology and financial services company worldwide. The company has a P/E ratio of 15.3, above the average industrial industry P/E ratio of 8.7.
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TheStreet Ratings rates General Electric as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and notable return on equity. 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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