Altera Stock To Go Ex-dividend Tomorrow (ALTR)
NEW YORK (
) -- The ex-dividend date for
(Nasdaq:
) is tomorrow, February 8, 2012. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $40.38 as of 9:30 a.m. ET, the dividend yield is 0.8%.
The average volume for Altera has been 4.8 million shares per day over the past 30 days. Altera has a market cap of $12.87 billion and is part of the
sector and
industry. Shares are up 8.7% 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 17.4, above the average electronics industry P/E ratio of 15.4 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Altera as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, increase in stock price during the past year, 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
.
See our
or
.
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