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 57.0 points (-0.4%) at 15,582 as of Tuesday, Nov 5, 2013, 10:30 a.m. ET. During this time, 82.6 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 369.4 million. The NYSE advances/declines ratio sits at 699 issues advancing vs. 2,165 declining with 120 unchanged.
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Wednesday, November 6, 2013 is the ex-dividend date for Dow component International Business Machines (NYSE: IBM). Owners of shares as of market close today will be eligible for a dividend of 95 cents per share. At a price of $178.02 as of 10:30 a.m. ET, the dividend yield is 2.1% compared to the average Dow component yield of 2.6%.
The average volume for International Business Machines has been 4.3 million shares per day over the past 30 days. International Business Machines has a market cap of $194.62 billion and is part of the technology sector and computer software & services industry. Shares are down 6.4% year to date as of Monday's close. International Business Machines Corporation provides information technology (IT) products and services worldwide. The company has a P/E ratio of 12.5, equal to the average computer software & services industry P/E ratio.
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TheStreet Ratings rates International Business Machines as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, notable return on equity, expanding profit margins and increase in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.