NEW YORK (

TheStreet

) -- The ex-dividend date for

Seagate Technology

(Nasdaq:

STX

) is tomorrow, November 1, 2011. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $16.12 as of 10:05 a.m. ET, the dividend yield is 4.4%.

The average volume for Seagate Technology has been 10.3 million shares per day over the past 30 days. Seagate Technology has a market cap of $6.5 billion and is part of the

technology

sector and

computer hardware

industry. Shares are up 8.6% year to date as of the close of trading on Friday.

Seagate Technology Public Limited Company designs, manufactures, markets, and sells hard disk drives for enterprise, client compute, and client non-compute market applications worldwide. The company has a P/E ratio of 15.3, above the average computer hardware industry P/E ratio of 14.2 and below the S&P 500 P/E ratio of 17.7.

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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 increase in stock price during the past year, revenue growth and growth in earnings per share. 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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