Altera Stock To Go Ex-dividend Tomorrow (ALTR)

NEW YORK (TheStreet) -- The ex-dividend date for Altera (Nasdaq:ALTR) is tomorrow, August 8, 2012. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $35.65 as of 9:30 a.m. ET, the dividend yield is 1.1%.

The average volume for Altera has been four million shares per day over the past 30 days. Altera has a market cap of $11.45 billion and is part of the technology sector and electronics industry. Shares are down 3.5% year to date as of the close of trading on Monday.

Altera Corporation, a semiconductor company, designs, manufactures, and markets programmable logic devices (PLD), HardCopy application-specific integrated circuit (ASIC) devices, pre-defined design building blocks, and associated development tools. The company has a P/E ratio of 19.1, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Altera 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 somewhat weak growth in earnings per share. You can view the full Altera Ratings Report.

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