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 up 16 points (+0.1%) at 14,463 as of Tuesday, Mar 12, 2013, 10:35 a.m. ET. During this time, 99.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 618.8 million. The NYSE advances/declines ratio sits at 1,289 issues advancing vs. 1,523 declining with 155 unchanged.
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Wednesday, March 13, 2013 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 28 cents per share. At a price of $39 as of 10:35 a.m. ET, the dividend yield is 2.9% compared to the average Dow component yield of 2.7%.

The average volume for Coca-Cola has been 15 million shares per day over the past 30 days. Coca-Cola has a market cap of $174.79 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 19.9, equal to the average food & beverage industry P/E ratio.
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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 revenue growth, increase in stock price during the past year, growth in earnings per share, notable return on equity and reasonable valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

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