Avago Stock To Go Ex-dividend Tomorrow (AVGO)

NEW YORK ( TheStreet) -- The ex-dividend date for Avago Technologies (Nasdaq: AVGO) is tomorrow, March 15, 2012. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $37.62 as of 9:30 a.m. ET, the dividend yield is 1.4%.

The average volume for Avago has been 2.6 million shares per day over the past 30 days. Avago has a market cap of $8.28 billion and is part of the technology sector and electronics industry. Shares are up 30.4% year to date as of the close of trading on Tuesday.

Avago Technologies Limited engages in the design, development, and supply of analog semiconductor devices with a focus on III-V based products. The company has a P/E ratio of 16.6, above the average electronics industry P/E ratio of 15.5 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Avago as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and growth in earnings per share. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Avago Ratings Report.

See our dividend calendar or top-yielding stocks list.
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