The ex-dividend date for AdtranInc (Nasdaq:ADTN) is tomorrow, October 25, 2011. Owners of shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $31.02 as of 9:30 a.m., the dividend yield is 1.1%.
NEW YORK ( TheStreet) -- The ex-dividend date for AdtranInc (Nasdaq: ADTN) is tomorrow, October 25, 2011. Owners of shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $31.02 as of 9:30 a.m. ET, the dividend yield is 1.1%. The average volume for AdtranInc has been 1.1 million shares per day over the past 30 days. AdtranInc has a market cap of $2.1 billion and is part of the technology sector and telecommunications industry. Shares are down 14.1% year to date as of the close of trading on Friday. ADTRAN, Inc. designs, manufactures, markets, and services network access solutions that enable voice, data, video, and Internet communications across wireline and wireless networks worldwide. The company has a P/E ratio of 14.7, equal to the average telecommunications industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates AdtranInc as a 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, notable return on equity, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full AdtranInc Ratings Report. See our dividend calendar or top-yielding stocks list.