Dow Component Intel (INTC) 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..

The Dow Jones Industrial Average ( ^DJI) is trading up 72 points (+0.4%) at 18,096 as of Monday, May 4, 2015, 10:36 a.m. ET. During this time, 64.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 375.9 million. The NYSE advances/declines ratio sits at 2,050 issues advancing vs. 846 declining with 174 unchanged.
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Tuesday, May 5, 2015 is the ex-dividend date for Dow component Intel (Nasdaq: INTC). Owners of shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $33.35 as of 10:36 a.m. ET, the dividend yield is 3% compared to the average Dow component yield of 2.7%.

The average volume for Intel has been 31.2 million shares per day over the past 30 days. Intel has a market cap of $154.42 billion and is part of the technology sector and electronics industry. Shares are down 7.9% year-to-date as of Friday's close.

Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. It operates through PC Client Group, Data Center Group, Internet of Things Group, Mobile and Communications Group, Software and Services, and All Other segments. The company has a P/E ratio of 13.9, equal to the average electronics industry P/E ratio.
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TheStreet Ratings rates Intel as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

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