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..

The Dow Jones Industrial Average ( ^DJI) is trading up 43 points (+0.2%) at 17,639 as of Tuesday, Jun 30, 2015, 10:36 a.m. ET. During this time, 74.5 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 341.8 million. The NYSE advances/declines ratio sits at 1,891 issues advancing vs. 1,056 declining with 177 unchanged.
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Wednesday, July 1, 2015 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 21 cents per share. At a price of $27.40 as of 10:36 a.m. ET, the dividend yield is 3% compared to the average Dow component yield of 2.8%.

The average volume for Cisco Systems has been 23.9 million shares per day over the past 30 days. Cisco Systems has a market cap of $143.83 billion and is part of the technology sector and computer hardware industry. Shares are up 1.7% year-to-date as of Monday'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 16.4, 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 revenue growth, solid stock price performance, notable return on equity, reasonable valuation levels and increase in net income. We feel its strengths outweigh the fact that the company shows weak operating cash flow.

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