TE Connectivity Stock To Go Ex-dividend Tomorrow (TEL)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK ( TheStreet) -- The ex-dividend date for TE Connectivity (NYSE: TEL) is tomorrow, August 29, 2012. Owners of shares as of market close today will be eligible for a dividend of 21 cents per share. At a price of $34.95 as of 10 a.m. ET, the dividend yield is 2.4%.

The average volume for TE Connectivity has been 1.7 million shares per day over the past 30 days. TE Connectivity has a market cap of $14.99 billion and is part of the technology sector and electronics industry. Shares are up 14.1% year to date as of the close of trading on Monday.

TE Connectivity Ltd. engages in the design and manufacture of products that connect and protect the flow of power and data inside various products used by consumers and industries. The company has a P/E ratio of 13.6, below the average electronics industry P/E ratio of 14.5 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates TE Connectivity as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, good cash flow from operations, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full TE Connectivity Ratings Report.

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