Dow Component Cisco Systems (CSCO) 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 122 points (+0.7%) at 16,445 as of Monday, Mar 31, 2014, 10:36 a.m. ET. During this time, 77.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 413.6 million. The NYSE advances/declines ratio sits at 2,255 issues advancing vs. 650 declining with 192 unchanged.
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Tuesday, April 1, 2014 is the ex-dividend date for Dow component Cisco Systems (Nasdaq: CSCO). Owners of shares as of market close today will be eligible for a dividend of 19 cents per share. At a price of $22.45 as of 10:36 a.m. ET, the dividend yield is 3.5% compared to the average Dow component yield of 2.6%.

The average volume for Cisco Systems has been 43.6 million shares per day over the past 30 days. Cisco Systems has a market cap of $113.43 billion and is part of the technology sector and computer hardware industry. Shares are down 0.5% year to date as of Friday's close.

Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP) and other products related to the communications and information technology industry worldwide. The company has a P/E ratio of 14.2, below the average computer hardware industry P/E ratio of 14.6.
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TheStreet Ratings rates Cisco Systems as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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