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 up 44 points (+0.3%) at 17,427 as of Wednesday, Nov 5, 2014, 10:36 a.m. ET. During this time, 75 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 325.8 million. The NYSE advances/declines ratio sits at 1,601 issues advancing vs. 1,265 declining with 225 unchanged.
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Thursday, November 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 $162.07 as of 10:36 a.m. ET, the dividend yield is 2.7% compared to the average Dow component yield of 2.6%.

The average volume for International Business Machines has been 4.1 million shares per day over the past 30 days. International Business Machines has a market cap of $162.66 billion and is part of the technology sector and computer software & services industry. Shares are down 13.3% year-to-date as of Tuesday's close.

International Business Machines Corporation provides information technology (IT) products and services worldwide. The company has a P/E ratio of 10.7, below the average computer software & services industry P/E ratio of 13.6.
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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 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 sub par growth in net income.

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