Dow Component Intel (INTC) 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 17.0 points (-0.1%) at 16,476 as of Monday, Aug 4, 2014, 10:36 a.m. ET. During this time, 63.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 304.8 million. The NYSE advances/declines ratio sits at 1,313 issues advancing vs. 1,556 declining with 225 unchanged.
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Tuesday, August 5, 2014 is the ex-dividend date for Dow component Intel (Nasdaq: INTC). Owners of shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $33.72 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 Intel has been 33 million shares per day over the past 30 days. Intel has a market cap of $167.79 billion and is part of the technology sector and electronics industry. Shares are up 30% year-to-date as of Friday's close.

Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. It operates through PC Client Group, Data Center Group, Other Intel Architecture, Software and Services, and All Other segments. The company has a P/E ratio of 16.8, equal to the average electronics industry P/E ratio.
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TheStreet Ratings rates Intel as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and reasonable valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

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