NEW YORK ( TheStreet) -- The ex-dividend date for Nokia Corporation (NYSE: NOK) is tomorrow, May 4, 2011. Owners of shares as of market close today will be eligible for a dividend of 39 cents per share. At a price of $9.32 as of 9:32 a.m. ET, the dividend yield is 4.3%.

The average volume for Nokia has been 30.2 million shares per day over the past 30 days. Nokia has a market cap of $34.6 billion and is part of the technology sector and telecommunications industry. Shares are down 10.5% year to date as of the close of trading on Monday.

Nokia Corporation manufactures and sells mobile devices, and provides Internet and digital mapping and navigation services worldwide. Its Devices & Services segment develops and manages a portfolio of mobile devices; and services comprising applications and content. The company has a P/E ratio of 14, below the average telecommunications industry P/E ratio of 14.1 and below the S&P 500 P/E ratio of 17.1.
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TheStreet Ratings rates Nokia as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and a generally disappointing performance in the stock itself. You can view the full Nokia Ratings Report.

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