Dow Component Exxon Mobil Corporation (XOM) 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 60 points (+0.4%) at 16,578 as of Thursday, May 8, 2014, 10:36 a.m. ET. During this time, 83.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 394.9 million. The NYSE advances/declines ratio sits at 1,919 issues advancing vs. 963 declining with 185 unchanged.
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Friday, May 9, 2014 is the ex-dividend date for Dow component Exxon Mobil Corporation (NYSE: XOM). Owners of shares as of market close today will be eligible for a dividend of 69 cents per share. At a price of $102.80 as of 10:36 a.m. ET, the dividend yield is 2.7% compared to the average Dow component yield of 2.6%.

The average volume for Exxon Mobil Corporation has been 11.6 million shares per day over the past 30 days. Exxon Mobil Corporation has a market cap of $442.54 billion and is part of the basic materials sector and energy industry. Shares are up 1.9% year-to-date as of Wednesday's close.

Exxon Mobil Corporation explores and produces for crude oil and natural gas. As of December 31, 2013, the company had approximately 37,661 gross and 31,823 net operated wells. The company has a P/E ratio of 14, equal to the average energy industry P/E ratio.
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TheStreet Ratings rates Exxon Mobil Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and increase in stock price during the past year. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

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