Dow Component Wal-Mart Stores (WMT) 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 down 52.0 points (-0.3%) at 15,956 as of Tuesday, Dec 3, 2013, 10:35 a.m. ET. During this time, 91.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 375.9 million. The NYSE advances/declines ratio sits at 1,292 issues advancing vs. 1,528 declining with 130 unchanged.
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Wednesday, December 4, 2013 is the ex-dividend date for Dow component Wal-Mart Stores (NYSE: WMT). Owners of shares as of market close today will be eligible for a dividend of 47 cents per share. At a price of $80.90 as of 10:35 a.m. ET, the dividend yield is 2.3% compared to the average Dow component yield of 2.5%.

The average volume for Wal-Mart Stores has been 6.2 million shares per day over the past 30 days. Wal-Mart Stores has a market cap of $262.8 billion and is part of the services sector and retail industry. Shares are up 18.9% year to date as of Monday's close.

Wal-Mart Stores, Inc. operates retail stores in various formats worldwide. The company operates in three segments: Walmart U.S., Walmart International, and Sam's Club. The company has a P/E ratio of 15.6, above the average retail industry P/E ratio of 15.3.
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TheStreet Ratings rates Wal-Mart Stores as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, growth in earnings per share, increase in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

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