NEW YORK (
) -- The ex-dividend date for
) is Monday, November 28, 2011. Owners of shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $5.61 as of 9:30 a.m. ET, the dividend yield is 5.9%.
The average volume for STMicroelectronics has been 2.9 million shares per day over the past 30 days. STMicroelectronics has a market cap of $5.28 billion and is part of the
industry. Shares are down 45.2% year to date as of the close of trading on Wednesday.
STMicroelectronics N.V., an independent semiconductor company, engages in the design, development, manufacture, and marketing of a range of semiconductor integrated circuits and discrete devices. The company has a P/E ratio of 5.2, below the average electronics industry P/E ratio of 6.2 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates STMicroelectronics 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, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. You can view the full