NEW YORK (

TheStreet

) -- The ex-dividend date for

Seagate Technology

(Nasdaq:

STX

) is tomorrow, April 28, 2011. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $18.04 as of 9:32 a.m. ET, the dividend yield is 4%.

The average volume for Seagate Technology has been 12.4 million shares per day over the past 30 days. Seagate Technology has a market cap of $8.2 billion and is part of the

technology

sector and

computer hardware

industry. Shares are up 20.7% year to date as of the close of trading on Tuesday.

TheStreet Recommends

Seagate Technology Public Limited Company designs, manufactures, markets, and sells hard disk drives for the enterprise, client compute, and client non-compute market applications in the United States and internationally. The company has a P/E ratio of 10.6, below the average computer hardware industry P/E ratio of 11.4 and below the S&P 500 P/E ratio of 16.7.

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TheStreet Ratings rates Seagate Technology as a

hold

. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and notable return on equity. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, poor profit margins and weak operating cash flow. You can view the full

Seagate Technology Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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