Dow Component Intel (INTC) 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 61 points (+0.4%) at 14,761 as of Thursday, May 2, 2013, 10:35 a.m. ET. During this time, 117.9 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 602.9 million. The NYSE advances/declines ratio sits at 1,973 issues advancing vs. 841 declining with 118 unchanged.
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Friday, May 3, 2013 is the ex-dividend date for Dow component Intel (Nasdaq: INTC). Owners of shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $23.92 as of 10:36 a.m. ET, the dividend yield is 3.8% compared to the average Dow component yield of 2.6%.

The average volume for Intel has been 44.6 million shares per day over the past 30 days. Intel has a market cap of $119.06 billion and is part of the technology sector and electronics industry. Shares are up 16.3% year to date as of Wednesday's close.

Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. The company operates through PC Client Group, Data Center Group, Other Intel Architecture, Software and Services, and All Other segments. The company has a P/E ratio of 12, equal to the average electronics industry P/E ratio.
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TheStreet Ratings rates Intel as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.

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