Dow Component Hewlett-Packard (HPQ) 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 up 184 points (+1.2%) at 15,224 as of Friday, Jun 7, 2013, 10:35 a.m. ET. During this time, 155.7 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 601.2 million. The NYSE advances/declines ratio sits at 1,981 issues advancing vs. 854 declining with 114 unchanged.
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Monday, June 10, 2013 is the ex-dividend date for Dow component Hewlett-Packard (NYSE: HPQ). Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $24.63 as of 10:36 a.m. ET, the dividend yield is 2.3% compared to the average Dow component yield of 2.6%.

The average volume for Hewlett-Packard has been 22.5 million shares per day over the past 30 days. Hewlett-Packard has a market cap of $47.03 billion and is part of the technology sector and computer hardware industry. Shares are up 70.2% year to date as of Thursday's close.

Hewlett-Packard Company and its subsidiaries provide products, technologies, software, solutions, and services to individual consumers, small-and medium-sized businesses (SMBs), and large enterprises, including customers in the government, health, and education sectors worldwide.
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TheStreet Ratings rates Hewlett-Packard as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity.

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