NEW YORK ( TheStreet) -- The ex-dividend date for Tellabs (Nasdaq: TLAB) is tomorrow, May 9, 2012. Owners of shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $3.64 as of 9:30 a.m. ET, the dividend yield is 2.1%. The average volume for Tellabs has been 2.6 million shares per day over the past 30 days. Tellabs has a market cap of $1.37 billion and is part of the technology sector and telecommunications industry. Shares are down 8.9% year to date as of the close of trading on Monday. Tellabs, Inc. designs, develops, and supports telecommunications networking products for communication service providers in the United States and internationally.
TheStreet Ratings rates Tellabs as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full Tellabs Ratings Report. See our dividend calendar or top-yielding stocks list.