NEW YORK ( TheStreet) -- The ex-dividend date for KLA-Tencor Corporation (Nasdaq: KLAC) is tomorrow, August 9, 2012. Owners of shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $52.91 as of 10:05 a.m. ET, the dividend yield is 3.1%. The average volume for KLA-Tencor has been 2.3 million shares per day over the past 30 days. KLA-Tencor has a market cap of $8.71 billion and is part of the technology sector and electronics industry. Shares are up 7.8% year to date as of the close of trading on Tuesday. KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries. The company has a P/E ratio of 11.7, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates KLA-Tencor as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full KLA-Tencor Ratings Report. See our dividend calendar or top-yielding stocks list.