Dow Component Cisco Systems (CSCO) 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 35.0 points (-0.2%) at 14,627 as of Wednesday, Apr 3, 2013, 10:35 a.m. ET. During this time, 162.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 606 million. The NYSE advances/declines ratio sits at 786 issues advancing vs. 1,998 declining with 140 unchanged.
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Thursday, April 4, 2013 is the ex-dividend date for Dow component Cisco Systems (Nasdaq: CSCO). Owners of shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $21.20 as of 10:36 a.m. ET, the dividend yield is 3.3% compared to the average Dow component yield of 2.6%.

The average volume for Cisco Systems has been 35.4 million shares per day over the past 30 days. Cisco Systems has a market cap of $111.07 billion and is part of the technology sector and computer hardware industry. Shares are up 8% year to date as of Tuesday's close.

Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP) based networking and other products related to the communications and information technology industries worldwide. The company has a P/E ratio of 12, equal to the average computer hardware industry P/E ratio.
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TheStreet Ratings rates Cisco Systems as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

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