Dow Component Intel (INTC) 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 Link.

The Dow Jones Industrial Average ( ^DJI) is trading up 23 points (+0.1%) at 15,638 as of Monday, Nov 4, 2013, 10:30 a.m. ET. During this time, 65.6 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 368.9 million. The NYSE advances/declines ratio sits at 1,765 issues advancing vs. 1,042 declining with 139 unchanged.
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Tuesday, November 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 $24.22 as of 10:30 a.m. ET, the dividend yield is 3.7% compared to the average Dow component yield of 2.6%.

The average volume for Intel has been 32 million shares per day over the past 30 days. Shares are up 18.7% year to date as of Friday'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 13.2, 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.

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