Dow Component Home Depot (HD) To Go Ex-dividend Tuesday

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 Link.

The Dow Jones Industrial Average ( ^DJI) is trading down 42.0 points (-0.3%) at 14,798 as of Friday, Aug 30, 2013, 10:35 a.m. ET. During this time, 92.5 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 538.4 million. The NYSE advances/declines ratio sits at 1,009 issues advancing vs. 1,778 declining with 133 unchanged.
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Tuesday, September 3, 2013 is the ex-dividend date for Dow component Home Depot (NYSE: HD). Owners of shares as of market close today will be eligible for a dividend of 39 cents per share. At a price of $74.61 as of 10:35 a.m. ET, the dividend yield is 2.1% compared to the average Dow component yield of 2.7%.

The average volume for Home Depot has been 7.4 million shares per day over the past 30 days. Home Depot has a market cap of $109.6 billion and is part of the services sector and retail industry. Shares are up 21.3% year to date as of Thursday's close.

The Home Depot, Inc. operates as a home improvement retailer. The company has a P/E ratio of 22.1, equal to the average retail industry P/E ratio.
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TheStreet Ratings rates Home Depot as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, notable return on equity, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

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