Plantronics Stock To Go Ex-dividend Tomorrow (PLT)

NEW YORK ( TheStreet) -- The ex-dividend date for Plantronics (NYSE: PLT) is tomorrow, May 16, 2012. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $31.52 as of 9:30 a.m. ET, the dividend yield is 1.3%.

The average volume for Plantronics has been 306,900 shares per day over the past 30 days. Plantronics has a market cap of $1.35 billion and is part of the technology sector and telecommunications industry. Shares are down 12.1% year to date as of the close of trading on Monday.

Plantronics, Inc., together with its subsidiaries, engages in the design, manufacture, and marketing of lightweight communications headsets, telephone headset systems, and accessories for the business and consumer markets under the Plantronics name worldwide. The company has a P/E ratio of 11.8, below the average telecommunications industry P/E ratio of 13 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Plantronics as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Plantronics Ratings Report.

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