Texas Instruments Stock To Go Ex-dividend Tomorrow (TXN)

NEW YORK ( TheStreet) -- The ex-dividend date for Texas Instruments (Nasdaq: TXN) is tomorrow, April 26, 2012. Owners of shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $31.41 as of 9:30 a.m. ET, the dividend yield is 2.1%.

The average volume for Texas Instruments has been 8.6 million shares per day over the past 30 days. Texas Instruments has a market cap of $36.42 billion and is part of the technology sector and electronics industry. Shares are up 7.7% year to date as of the close of trading on Tuesday.

Texas Instruments Incorporated engages in the design and sale of semiconductors to electronics designers and manufacturers worldwide. The company has a P/E ratio of 20.6, above the average electronics industry P/E ratio of 17 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Texas Instruments 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 and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Texas Instruments Ratings Report.

See our dividend calendar or top-yielding stocks list.
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