Dow Component AT&T (T) To Go Ex-dividend Monday

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 135.0 points (-0.9%) at 14,471 as of Friday, Apr 5, 2013, 10:35 a.m. ET. During this time, 163.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 605.4 million. The NYSE advances/declines ratio sits at 633 issues advancing vs. 2,187 declining with 109 unchanged.
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Monday, April 8, 2013 is the ex-dividend date for Dow component AT&T (NYSE: T). Owners of shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $37.63 as of 10:36 a.m. ET, the dividend yield is 4.8% compared to the average Dow component yield of 2.7%.

The average volume for AT&T has been 25 million shares per day over the past 30 days. AT&T has a market cap of $206.1 billion and is part of the technology sector and telecommunications industry. Shares are up 12.5% year to date as of Thursday's close.

AT&T Inc. provides telecommunications services to consumers, businesses, and other providers in the United States and internationally. The company operates in three segments: Wireless, Wireline, and Other. The company has a P/E ratio of 29.8, equal to the average telecommunications industry P/E ratio.
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TheStreet Ratings rates AT&T as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

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