Spreadtrum Stock To Go Ex-dividend Tomorrow (SPRD)

NEW YORK ( TheStreet) -- The ex-dividend date for Spreadtrum Communications (Nasdaq: SPRD) is tomorrow, April 5, 2012. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $16.41 as of 9:30 a.m. ET, the dividend yield is 1.6%.

The average volume for Spreadtrum has been 1.9 million shares per day over the past 30 days. Spreadtrum has a market cap of $780.1 million and is part of the technology sector and electronics industry. Shares are down 20.1% year to date as of the close of trading on Tuesday.

Spreadtrum Communications, Inc., through its subsidiaries, operates as a fabless semiconductor company that designs, develops, and markets baseband processor and RF transceiver solutions for wireless communications and mobile television markets. The company has a P/E ratio of six, above the average electronics industry P/E ratio of 2.6 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Spreadtrum as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and notable return on equity. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Spreadtrum Ratings Report.

See our dividend calendar or top-yielding stocks list.
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