Xyratex Stock To Go Ex-dividend Tomorrow (XRTX)

NEW YORK ( TheStreet) -- The ex-dividend date for Xyratex (Nasdaq: XRTX) is tomorrow, April 10, 2012. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $15.16 as of 9:30 a.m. ET, the dividend yield is 2%.

The average volume for Xyratex has been 319,200 shares per day over the past 30 days. Xyratex has a market cap of $435.3 million and is part of the technology sector and computer hardware industry. Shares are up 15.4% year to date as of the close of trading on Thursday.

Xyratex Ltd provides modular solutions for the enterprise data storage industry and hard disk drive (HDD) capital equipment for the HDD industry. The company has a P/E ratio of 14.2, below the average computer hardware industry P/E ratio of 17.2 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Xyratex as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Xyratex Ratings Report.

See our dividend calendar or top-yielding stocks list.
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