Dow Component International Business Machines (IBM) 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 53.0 points (-0.3%) at 15,392 as of Wednesday, Feb 5, 2014, 10:35 a.m. ET. During this time, 106.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 374 million. The NYSE advances/declines ratio sits at 672 issues advancing vs. 2,206 declining with 149 unchanged.
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Thursday, February 6, 2014 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 $173.77 as of 10:35 a.m. ET, the dividend yield is 2.2% compared to the average Dow component yield of 2.7%.

The average volume for International Business Machines has been 5.3 million shares per day over the past 30 days. International Business Machines has a market cap of $187.74 billion and is part of the technology sector and computer software & services industry. Shares are down 7.8% year to date as of Tuesday's close.

International Business Machines Corporation provides information technology (IT) products and services worldwide. The company has a P/E ratio of 10.6, below the average computer software & services industry P/E ratio of 11.6.
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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, increase in net income, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

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