Dow Component Hewlett-Packard (HPQ) 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 Link.

The Dow Jones Industrial Average ( ^DJI) is trading down 33.0 points (-0.2%) at 14,904 as of Friday, Sep 6, 2013, 10:35 a.m. ET. During this time, 142.5 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 525.9 million. The NYSE advances/declines ratio sits at 1,397 issues advancing vs. 1,399 declining with 128 unchanged.
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Monday, September 9, 2013 is the ex-dividend date for Dow component Hewlett-Packard (NYSE: HPQ). Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $22.25 as of 10:36 a.m. ET, the dividend yield is 2.6% compared to the average Dow component yield of 2.7%.

The average volume for Hewlett-Packard has been 15.1 million shares per day over the past 30 days. Hewlett-Packard has a market cap of $42.95 billion and is part of the technology sector and computer hardware industry. Shares are up 55.2% year to date as of Thursday's close.

Hewlett-Packard Company and its subsidiaries provide products, technologies, software, solutions, and services to individual consumers, small-and medium-sized businesses (SMBs), and large enterprises, including customers in the government, health, and education sectors worldwide.
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TheStreet Ratings rates Hewlett-Packard as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, poor profit margins and weak operating cash flow.

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