Dow Component International Business Machines (IBM) 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 51.0 points (-0.3%) at 16,518 as of Tuesday, Aug 5, 2014, 10:36 a.m. ET. During this time, 63.9 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 305.9 million. The NYSE advances/declines ratio sits at 1,133 issues advancing vs. 1,746 declining with 190 unchanged.
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Wednesday, August 6, 2014 is the ex-dividend date for Dow component International Business Machines (NYSE: IBM). Owners of shares as of market close today will be eligible for a dividend of $1.10 per share. At a price of $188.80 as of 10:36 a.m. ET, the dividend yield is 2.3% compared to the average Dow component yield of 2.6%.

The average volume for International Business Machines has been 3.9 million shares per day over the past 30 days. International Business Machines has a market cap of $188.69 billion and is part of the technology sector and computer software & services industry. Shares are up 1.1% year-to-date as of Monday's close.

International Business Machines Corporation provides information technology (IT) products and services worldwide. The company has a P/E ratio of 12, equal to the average computer software & services industry P/E ratio.
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TheStreet Ratings rates International Business Machines as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, notable return on equity, good cash flow from operations and expanding profit margins. 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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