NEW YORK ( TheStreet) -- The ex-dividend date for Molex (Nasdaq: MOLX) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $28.39 as of 3:05 p.m. ET, the dividend yield is 2.9%. The average volume for Molex has been 756,100 shares per day over the past 30 days. Molex has a market cap of $2.62 billion and is part of the technology sector and electronics industry. Shares are up 15.9% year to date as of the close of trading on Monday. Molex Incorporated, together with its subsidiaries, engages in the design, manufacture, and sale of electronic components worldwide. The company has a P/E ratio of 16.8, above the average electronics industry P/E ratio of 15.8 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Molex 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, expanding profit margins, good cash flow from operations, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Molex Ratings Report. See our dividend calendar or top-yielding stocks list.