Dow Component Home Depot (HD) 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 46 points (+0.3%) at 15,161 as of Monday, Jun 3, 2013, 10:35 a.m. ET. During this time, 231.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 590.9 million. The NYSE advances/declines ratio sits at 1,231 issues advancing vs. 1,698 declining with 89 unchanged.
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Tuesday, June 4, 2013 is the ex-dividend date for Dow component Home Depot (NYSE: HD). Owners of shares as of market close today will be eligible for a dividend of 39 cents per share. At a price of $78.47 as of 10:36 a.m. ET, the dividend yield is 2% compared to the average Dow component yield of 2.6%.

The average volume for Home Depot has been 6.9 million shares per day over the past 30 days. Home Depot has a market cap of $116.05 billion and is part of the services sector and retail industry. Shares are up 27.2% year to date as of Friday's close.

The Home Depot, Inc. operates as a home improvement retailer. The company has a P/E ratio of 25.2, equal to the average retail industry P/E ratio.
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TheStreet Ratings rates Home Depot as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, notable return on equity, good cash flow from operations and compelling growth in net income. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.

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