Tessera Stock To Go Ex-dividend Tomorrow (TSRA)

NEW YORK ( TheStreet) -- The ex-dividend date for Tessera Technologies (Nasdaq: TSRA) is tomorrow, May 22, 2012. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $14.14 as of 9:30 a.m. ET, the dividend yield is 2.8%.

The average volume for Tessera has been 472,200 shares per day over the past 30 days. Tessera has a market cap of $749.9 million and is part of the technology sector and electronics industry. Shares are down 15.2% year to date as of the close of trading on Friday.

Tessera Technologies, Inc., through its subsidiaries, develops, licenses, and delivers miniaturization technologies and products for electronic devices worldwide. The company operates in two segments, Intellectual Property and DigitalOptics.

TheStreet Ratings rates Tessera as a hold. 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. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full Tessera Ratings Report.

See our dividend calendar or top-yielding stocks list.

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