Broadcom Stock To Go Ex-dividend Tomorrow (BRCM)

NEW YORK ( TheStreet) -- The ex-dividend date for Broadcom Corporation (Nasdaq: BRCM) is tomorrow, May 30, 2012. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $32.25 as of 9:30 a.m. ET, the dividend yield is 1.3%.

The average volume for Broadcom has been 8.4 million shares per day over the past 30 days. Broadcom has a market cap of $15.78 billion and is part of the technology sector and electronics industry. Shares are up 7.9% year to date as of the close of trading on Friday.

Broadcom Corporation designs and develops semiconductors for wired and wireless communications. The company has a P/E ratio of 22.6, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Broadcom 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, good cash flow from operations 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 Broadcom Ratings Report.

See our dividend calendar or top-yielding stocks list.
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