Dow Component AT&T (T) To Go Ex-dividend Monday

The Dow Jones Industrial Average ( ^DJI) is trading up eight points at 14,996 as of Friday, Jul 5, 2013, 10:35 a.m. ET. During this time, 97.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 622.3 million. The NYSE advances/declines ratio sits at 1,193 issues advancing vs. 1,729 declining with 81 unchanged.
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Monday, July 8, 2013 is the ex-dividend date for Dow component AT&T (NYSE: T). Owners of shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $35.39 as of 10:36 a.m. ET, the dividend yield is 5.1% compared to the average Dow component yield of 2.7%.

The average volume for AT&T has been 26 million shares per day over the past 30 days. AT&T has a market cap of $191.15 billion and is part of the technology sector and telecommunications industry. Shares are up 5.7% year to date as of Wednesday's close.

AT&T Inc. provides telecommunications services to consumers, businesses, and other providers in the United States and internationally. The company operates in three segments: Wireless, Wireline, and Other. The company has a P/E ratio of 26.9, below the average telecommunications industry P/E ratio of 27.1.
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TheStreet Ratings rates AT&T as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, expanding profit margins, good cash flow from operations, increase in net income and largely solid financial position with reasonable debt levels by most measures. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

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