Analog Devices Stock To Go Ex-dividend Tomorrow (ADI)

NEW YORK ( TheStreet) -- The ex-dividend date for Analog Devices (NYSE: ADI) is tomorrow, March 7, 2012. Owners of shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $37.60 as of 9:30 a.m. ET, the dividend yield is 3.1%.

The average volume for Analog Devices has been 3.2 million shares per day over the past 30 days. Analog Devices has a market cap of $11.87 billion and is part of the technology sector and electronics industry. Shares are up 6.1% year to date as of the close of trading on Monday.

Analog Devices, Inc. engages in the design, manufacture, and marketing of analog, mixed-signal, and digital signal processing integrated circuits (ICs) used in industrial, automotive, consumer, and communication applications. The company has a P/E ratio of 15.2, above the average electronics industry P/E ratio of 14.3 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Analog Devices as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures 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 Analog Devices Ratings Report.

See our dividend calendar or top-yielding stocks list.
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