NEW YORK ( TheStreet) -- The ex-dividend date for Texas Instruments (NYSE: TXN) is tomorrow, October 27, 2011. Owners of shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $31.23 as of 9:31 a.m. ET, the dividend yield is 2.1%.

The average volume for Texas Instruments has been 14.6 million shares per day over the past 30 days. Texas Instruments has a market cap of $36.6 billion and is part of the technology sector and electronics industry. Shares are down 4.7% year to date as of the close of trading on Tuesday.

Texas Instruments Incorporated engages in the design and sale of semiconductors to electronics designers and manufacturers worldwide. The company has a P/E ratio of 12.2, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Texas Instruments as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Texas Instruments Ratings Report.

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