Nam Tai Stock To Go Ex-dividend Tomorrow (NTE)

NEW YORK ( TheStreet) -- The ex-dividend date for Nam Tai Electronics (NYSE: NTE) is tomorrow, March 29, 2011. Owners of shares as of market close today will be eligible for a dividend of five cents per share. At a price of $6.31 as of 9:36 a.m. ET, the dividend yield is 3.1%.

The average volume for Nam Tai has been 115,800 shares per day over the past 30 days. Nam Tai has a market cap of $285.8 million and is part of the technology sector and electronics industry. Shares are down 1.1% year to date as of the close of trading on Friday.

Nam Tai Electronics, Inc. provides electronics manufacturing and design services to the original equipment manufacturers of telecommunication and consumer electronic products. The company has a P/E ratio of 19.3, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 16.2.
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TheStreet Ratings rates Nam Tai as buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Nam Tai Ratings Report.

See our dividend calendar or top-yielding stocks list.

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