Dow Component Intel (INTC) To Go Ex-dividend Monday

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Links.

The Dow Jones Industrial Average ( ^DJI) is trading down 46.0 points (-0.3%) at 15,582 as of Friday, Aug 2, 2013, 10:35 a.m. ET. During this time, 115.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 584.1 million. The NYSE advances/declines ratio sits at 1,288 issues advancing vs. 1,517 declining with 124 unchanged.
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Monday, August 5, 2013 is the ex-dividend date for Dow component Intel (Nasdaq: INTC). Owners of shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $23.09 as of 10:36 a.m. ET, the dividend yield is 3.9% compared to the average Dow component yield of 2.6%.

The average volume for Intel has been 41.4 million shares per day over the past 30 days. Intel has a market cap of $116.25 billion and is part of the technology sector and electronics industry. Shares are up 13.2% year to date as of Thursday's close.

Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. The company operates through PC Client Group, Data Center Group, Other Intel Architecture, Software and Services, and All Other segments. The company has a P/E ratio of 12.6, equal to the average electronics industry P/E ratio.
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TheStreet Ratings rates Intel as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.

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