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 16,948 as of Tuesday, Jul 1, 2014, 10:36 a.m. ET. During this time, 73.7 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 327.1 million. The NYSE advances/declines ratio sits at 2,184 issues advancing vs. 724 declining with 182 unchanged.
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Wednesday, July 2, 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 $24.91 as of 10:36 a.m. ET, the dividend yield is 3.1% compared to the average Dow component yield of 2.6%.

The average volume for Cisco Systems has been 34 million shares per day over the past 30 days. Cisco Systems has a market cap of $126.53 billion and is part of the technology sector and computer hardware industry. Shares are up 10.8% year-to-date as of Monday'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 16.7, below the average computer hardware industry P/E ratio of 16.8.
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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 attractive valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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