Nam Tai Stock To Go Ex-dividend Tomorrow (NTE)

NEW YORK ( TheStreet) -- The ex-dividend date for Nam Tai Electronics (NYSE: NTE) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $5.82 as of 9:30 a.m. ET, the dividend yield is 5%.

The average volume for Nam Tai has been 106,600 shares per day over the past 30 days. Nam Tai has a market cap of $264.8 million and is part of the technology sector and electronics industry. Shares are up 9.8% year to date as of the close of trading on Monday.

Nam Tai Electronics, Inc. provides electronics manufacturing and design services to the original equipment manufacturers of telecommunication and consumer electronic products. The company has a P/E ratio of 563, above the average electronics industry P/E ratio of 24.6 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Nam Tai as a hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full Nam Tai Ratings Report.

See our dividend calendar or top-yielding stocks list.
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