Dow Component General Electric (GE) 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 19 points (+0.1%) at 17,150 as of Wednesday, Sep 17, 2014, 10:36 a.m. ET. During this time, 69 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 293.3 million. The NYSE advances/declines ratio sits at 1,817 issues advancing vs. 1,036 declining with 217 unchanged.
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Thursday, September 18, 2014 is the ex-dividend date for Dow component General Electric (NYSE: GE). Owners of shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $26.26 as of 10:36 a.m. ET, the dividend yield is 3.4% compared to the average Dow component yield of 2.6%.

The average volume for General Electric has been 28.2 million shares per day over the past 30 days. General Electric has a market cap of $260.08 billion and is part of the industrial goods sector and industrial industry. Shares are down 6.5% year-to-date as of Tuesday's close.

General Electric Company operates as an infrastructure and financial services company worldwide. The company has a P/E ratio of 17.8, below the average industrial industry P/E ratio of 20.5.
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TheStreet Ratings rates General Electric as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, increase in stock price during the past year 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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