The ex-dividend date for Apple (Nasdaq:AAPL) is tomorrow, May 9, 2013. Owners of shares as of market close today will be eligible for a dividend of $3.05 per share. At a price of $458.99 as of 9:30 a.m., the dividend yield is 2.6%.
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. NEW YORK ( TheStreet) -- The ex-dividend date for Apple (Nasdaq: AAPL) is tomorrow, May 9, 2013. Owners of shares as of market close today will be eligible for a dividend of $3.05 per share. At a price of $458.99 as of 9:30 a.m. ET, the dividend yield is 2.6%. The average volume for Apple has been 16.8 million shares per day over the past 30 days. Apple has a market cap of $432.44 billion and is part of the technology sector and computer hardware industry. Shares are down 13.4% year to date as of the close of trading on Tuesday. Apple Inc., together with subsidiaries, designs, manufactures, and markets personal computers, mobile communication devices, and portable digital music and video players, as well as sells various related software, services, peripherals, and networking solutions. The company has a P/E ratio of 11, below the S&P 500 P/E ratio of 17.7.
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
TheStreet Ratings rates Apple as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Apple Ratings Report. See our dividend calendar or top-yielding stocks list. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.