Adtran Stock To Go Ex-dividend Tomorrow (ADTN)

NEW YORK (TheStreet) -- The ex-dividend date for Adtran (Nasdaq:ADTN) is tomorrow, April 24, 2012. Owners of shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $29.27 as of 9:30 a.m. ET, the dividend yield is 1.2%.

The average volume for Adtran has been 1.2 million shares per day over the past 30 days. Adtran has a market cap of $1.84 billion and is part of the technology sector and telecommunications industry. Shares are down 1.4% year to date as of the close of trading on Friday.

ADTRAN, Inc. designs, manufactures, markets, and services communications network solutions that enable voice, data, video, and Internet communications across wireline and wireless networks worldwide. The company has a P/E ratio of 14.2, above the average telecommunications industry P/E ratio of 13.6 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Adtran as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Adtran Ratings Report.

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