NEW YORK (

TheStreet

) -- The ex-dividend date for

TE Connectivity

(NYSE:

TEL

) is tomorrow, February 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $35.67 as of 9:30 a.m. ET, the dividend yield is 2%.

The average volume for TE Connectivity has been 2.6 million shares per day over the past 30 days. TE Connectivity has a market cap of $15.21 billion and is part of the

technology

sector and

electronics

industry. Shares are up 16.7% year to date as of the close of trading on Friday.

TE Connectivity Ltd. engages in the design and manufacture of products that connect and protect the flow of power and data inside various products used by consumers and industries. The company has a P/E ratio of 12.6, below the average electronics industry P/E ratio of 12.7 and below the S&P 500 P/E ratio of 17.7.

  • Sign up for TheStreet's FREE Dividend and Income Investor Newsletter

TheStreet Ratings rates TE Connectivity as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full

TE Connectivity Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

null