NEW YORK (

TheStreet

) -- The ex-dividend date for

TE Connectivity

(NYSE:

TEL

) is tomorrow, May 30, 2012. Owners of shares as of market close today will be eligible for a dividend of 21 cents per share. At a price of $31.94 as of 9:30 a.m. ET, the dividend yield is 2.7%.

The average volume for TE Connectivity has been 1.9 million shares per day over the past 30 days. TE Connectivity has a market cap of $13.52 billion and is part of the

technology

sector and

electronics

industry. Shares are up 2.6% 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 11.5, below the average electronics industry P/E ratio of 15.7 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates TE Connectivity as a

buy

. The company's strengths can be seen in multiple areas, such as its expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

TE Connectivity Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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