Altera Stock To Go Ex-dividend Tomorrow (ALTR)
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK (TheStreet) -- The ex-dividend date for Altera (Nasdaq:ALTR) is tomorrow, November 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 $31.42 as of 9:30 a.m. ET, the dividend yield is 1.3%. The average volume for Altera has been 3.9 million shares per day over the past 30 days. Altera has a market cap of $10.01 billion and is part of the technology sector and electronics industry. Shares are down 15.9% year to date as of the close of trading on Tuesday. 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 17.4, below the S&P 500 P/E ratio of 17.7.
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