Dow Component Procter & Gamble (PG) To Go Ex-dividend Tomorrow

The Dow Jones Industrial Average ( ^DJI) is trading down 12.0 points at 15,472 as of Tuesday, Jul 16, 2013, 10:35 a.m. ET. During this time, 139.6 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 607.1 million. The NYSE advances/declines ratio sits at 1,070 issues advancing vs. 1,700 declining with 139 unchanged.
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Wednesday, July 17, 2013 is the ex-dividend date for Dow component Procter & Gamble (NYSE: PG). Owners of shares as of market close today will be eligible for a dividend of 60 cents per share. At a price of $81 as of 10:35 a.m. ET, the dividend yield is 3% compared to the average Dow component yield of 2.6%.

The average volume for Procter & Gamble has been 10.1 million shares per day over the past 30 days. Procter & Gamble has a market cap of $223.51 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 20.1% year to date as of Monday's close.

The Procter & Gamble Company, together with its subsidiaries, engages in the manufacture and sale of a range of branded consumer packaged goods. The company operates in five segments: Beauty, Grooming, Health Care, Fabric Care and Home Care, and Baby Care and Family Care. The company has a P/E ratio of 20.5, above the average consumer non-durables industry P/E ratio of 18.2.
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TheStreet Ratings rates Procter & Gamble as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, good cash flow from operations, growth in earnings per share and increase in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

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