Maxim Integrated Stock To Go Ex-dividend Tomorrow (MXIM)

NEW YORK ( TheStreet) -- The ex-dividend date for Maxim Integrated Products (Nasdaq: MXIM) is tomorrow, May 17, 2012. Owners of shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $26.82 as of 9:30 a.m. ET, the dividend yield is 3.3%.

The average volume for Maxim Integrated has been 2.4 million shares per day over the past 30 days. Maxim Integrated has a market cap of $7.78 billion and is part of the technology sector and electronics industry. Shares are up 2.2% year to date as of the close of trading on Tuesday.

Maxim Integrated Products, Inc. engages in designing, developing, manufacturing, and marketing various linear and mixed-signal integrated circuits worldwide. The company also provides various high-frequency process technologies and capabilities for use in custom designs. The company has a P/E ratio of 21.8, above the average electronics industry P/E ratio of 20.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Maxim Integrated 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, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Maxim Integrated Ratings Report.

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