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..

The Dow Jones Industrial Average ( ^DJI) is trading up 32 points (+0.2%) at 17,936 as of Wednesday, Jun 17, 2015, 10:36 a.m. ET. During this time, 56.6 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 343.3 million. The NYSE advances/declines ratio sits at 1,558 issues advancing vs. 1,295 declining with 228 unchanged.
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Thursday, June 18, 2015 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 23 cents per share. At a price of $27.30 as of 10:36 a.m. ET, the dividend yield is 3.4% compared to the average Dow component yield of 2.8%.

The average volume for General Electric has been 43.4 million shares per day over the past 30 days. General Electric has a market cap of $274.17 billion and is part of the industrial goods sector and industrial industry. Shares are up 7.7% year-to-date as of Tuesday's close.

General Electric Company (GE) operates as an infrastructure and financial services company worldwide. The company has a P/E ratio of 247.4,.
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TheStreet Ratings rates General Electric as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity.

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