Dow Component Cisco Systems (CSCO) 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 82.0 points (-0.5%) at 17,031 as of Monday, Sep 29, 2014, 10:36 a.m. ET. During this time, 66.6 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 298.5 million. The NYSE advances/declines ratio sits at 798 issues advancing vs. 2,101 declining with 184 unchanged.
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Tuesday, September 30, 2014 is the ex-dividend date for Dow component Cisco Systems (Nasdaq: CSCO). Owners of shares as of market close today will be eligible for a dividend of 19 cents per share. At a price of $25.04 as of 10:36 a.m. ET, the dividend yield is 3.1% compared to the average Dow component yield of 2.6%.

The average volume for Cisco Systems has been 25.4 million shares per day over the past 30 days. Cisco Systems has a market cap of $125.13 billion and is part of the technology sector and computer hardware industry. Shares are up 11.5% year-to-date as of Friday's close.

Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP) based networking products and services related to the communications and information technology industry worldwide. The company has a P/E ratio of 16.5, equal to the average computer hardware industry P/E ratio.
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TheStreet Ratings rates Cisco Systems as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, growth in earnings per share and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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