Dow Component Procter & Gamble (PG) 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 132 points (+0.9%) at 14,699 as of Tuesday, Apr 23, 2013, 10:35 a.m. ET. During this time, 170.5 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 600.5 million. The NYSE advances/declines ratio sits at 2,343 issues advancing vs. 512 declining with 117 unchanged.
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Wednesday, April 24, 2013 is the ex-dividend date for Dow component Procter & Gamble (NYSE: PG). Owners of shares as of market close today will be eligible for a dividend of 60 cents per share. At a price of $82.36 as of 10:36 a.m. ET, the dividend yield is 3% compared to the average Dow component yield of 2.6%.

The average volume for Procter & Gamble has been 9.7 million shares per day over the past 30 days. Procter & Gamble has a market cap of $222.44 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 19.9% year to date as of Monday's close.

The Procter & Gamble Company, together with its subsidiaries, engages in the manufacture and sale of a range of branded consumer packaged goods. The company operates in five segments: Beauty, Grooming, Health Care, Fabric Care and Home Care, and Baby Care and Family Care. The company has a P/E ratio of 20.9, above the average consumer non-durables industry P/E ratio of 18.5.
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TheStreet Ratings rates Procter & Gamble as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, expanding profit margins, good cash flow from operations and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

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