Dow Component Exxon Mobil Corporation (XOM) To Go Ex-dividend Tomorrow

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 44.0 points (-0.3%) at 15,426 as of Thursday, Aug 8, 2013, 10:35 a.m. ET. During this time, 107.5 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 575.1 million. The NYSE advances/declines ratio sits at 1,705 issues advancing vs. 1,104 declining with 130 unchanged.
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Friday, August 9, 2013 is the ex-dividend date for Dow component Exxon Mobil Corporation (NYSE: XOM). Owners of shares as of market close today will be eligible for a dividend of 63 cents per share. At a price of $91.35 as of 10:35 a.m. ET, the dividend yield is 2.8% compared to the average Dow component yield of 2.6%.

The average volume for Exxon Mobil Corporation has been 12.9 million shares per day over the past 30 days. Exxon Mobil Corporation has a market cap of $408.92 billion and is part of the basic materials sector and energy industry. Shares are up 5.5% year to date as of Wednesday's close.

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas, and manufacture of petroleum products. The company also transports and sells crude oil, natural gas, and petroleum products. It has approximately 37,228 gross and 31,264 net operated wells. The company has a P/E ratio of 11.5, equal to the average energy industry P/E ratio.
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TheStreet Ratings rates Exxon Mobil Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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