Dow Component Home Depot (HD) 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 down 5.0 points at 18,005 as of Monday, Jun 1, 2015, 10:36 a.m. ET. During this time, 91.7 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 358.9 million. The NYSE advances/declines ratio sits at 1,256 issues advancing vs. 1,654 declining with 190 unchanged.
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Tuesday, June 2, 2015 is the ex-dividend date for Dow component Home Depot (NYSE: HD). Owners of shares as of market close today will be eligible for a dividend of 59 cents per share. At a price of $111.77 as of 10:36 a.m. ET, the dividend yield is 2.1% compared to the average Dow component yield of 2.7%.

The average volume for Home Depot has been 4.8 million shares per day over the past 30 days. Home Depot has a market cap of $145.73 billion and is part of the services sector and retail industry. Shares are up 6.1% year-to-date as of Friday's close.

The Home Depot, Inc. operates as a home improvement retailer. The company has a P/E ratio of 22.8, equal to the average retail industry P/E ratio.
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TheStreet Ratings rates Home Depot as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, increase in net income, revenue growth and notable return on equity. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

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