Seagate Technology Stock To Go Ex-dividend Monday (STX)

NEW YORK (TheStreet) -- The ex-dividend date for Seagate Technology (Nasdaq:STX) is Monday, February 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $26.23 as of 9:30 a.m. ET, the dividend yield is 3.7%.

The average volume for Seagate Technology has been 10.2 million shares per day over the past 30 days. Seagate Technology has a market cap of $8.29 billion and is part of the technology sector and computer hardware industry. Shares are up 62.7% year to date as of the close of trading on Thursday.

Seagate Technology Public Limited Company designs, manufactures, markets, and sells hard disk drives for enterprise, client compute, and client non-compute market applications worldwide. The company has a P/E ratio of 12.9, below the average computer hardware industry P/E ratio of 18 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Seagate Technology as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, revenue growth, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Seagate Technology Ratings Report.

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