NEW YORK (

TheStreet

) -- The ex-dividend date for

KLA-Tencor Corporation

(Nasdaq:

KLAC

) is tomorrow, February 16, 2012. Owners of shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $49.78 as of 9:30 a.m. ET, the dividend yield is 2.9%.

The average volume for KLA-Tencor has been 2.9 million shares per day over the past 30 days. KLA-Tencor has a market cap of $8.54 billion and is part of the

technology

sector and

electronics

industry. Shares are up 2.8% year to date as of the close of trading on Tuesday.

KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries. The company has a P/E ratio of 11.1, above the average electronics industry P/E ratio of 10.5 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates KLA-Tencor 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, notable return on equity, reasonable valuation levels, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

KLA-Tencor Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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