Dow Component Exxon Mobil Corporation (XOM) To Go Ex-dividend Monday

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 51 points (+0.3%) at 16,419 as of Friday, Aug 8, 2014, 10:36 a.m. ET. During this time, 59.5 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 306.5 million. The NYSE advances/declines ratio sits at 1,811 issues advancing vs. 1,005 declining with 225 unchanged.
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Monday, August 11, 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 $98.39 as of 10:36 a.m. ET, the dividend yield is 2.8% compared to the average Dow component yield of 2.7%.

The average volume for Exxon Mobil Corporation has been 9.2 million shares per day over the past 30 days. Exxon Mobil Corporation has a market cap of $426.64 billion and is part of the basic materials sector and energy industry. Shares are down 2.9% year-to-date as of Thursday'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 12.6, 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, attractive valuation levels, good cash flow from operations, increase in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

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