Dow Component Home Depot (HD) 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 107.0 points (-0.7%) at 16,345 as of Monday, Mar 10, 2014, 10:35 a.m. ET. During this time, 61.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 400.7 million. The NYSE advances/declines ratio sits at 845 issues advancing vs. 2,015 declining with 159 unchanged.
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Tuesday, March 11, 2014 is the ex-dividend date for Dow component Home Depot (NYSE: HD). Owners of shares as of market close today will be eligible for a dividend of 47 cents per share. At a price of $82.25 as of 10:35 a.m. ET, the dividend yield is 2.3% compared to the average Dow component yield of 2.6%.

The average volume for Home Depot has been 6.8 million shares per day over the past 30 days. Home Depot has a market cap of $116.05 billion and is part of the services sector and retail industry. Shares are up 0.1% year to date as of Friday's close.

The Home Depot, Inc. operates as a home improvement retailer. The company has a P/E ratio of 21.9, equal to the average retail industry P/E ratio.
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TheStreet Ratings rates Home Depot 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, good cash flow from operations, increase in stock price during the past year and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

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