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 157 points (+0.9%) at 16,819 as of Monday, Aug 18, 2014, 10:36 a.m. ET. During this time, 58 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 301.3 million. The NYSE advances/declines ratio sits at 2,378 issues advancing vs. 538 declining with 181 unchanged.
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Tuesday, August 19, 2014 is the ex-dividend date for Dow component Microsoft (Nasdaq: MSFT). Owners of shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $44.82 as of 10:36 a.m. ET, the dividend yield is 2.5% compared to the average Dow component yield of 2.6%.
The average volume for Microsoft has been 28.4 million shares per day over the past 30 days. Microsoft has a market cap of $364.78 billion and is part of the technology sector and computer software & services industry. Shares are up 18.3% year-to-date as of Friday's close. Microsoft Corporation develops, licenses, markets, and supports software, services, and devices worldwide. The company's Devices and Consumer (D&C) Licensing segment licenses Windows operating system and related software; Microsoft Office for consumers; and Windows Phone operating system. The company has a P/E ratio of 16.8, equal to the average computer software & services industry P/E ratio.
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