The ex-dividend date for Avago Technologies (Nasdaq:AVGO) is tomorrow, September 18, 2012. Owners of shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $35.29 as of 9:30 a.m., the dividend yield is 1.8%.
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 Avago Technologies (Nasdaq: AVGO) is tomorrow, September 18, 2012. Owners of shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $35.29 as of 9:30 a.m. ET, the dividend yield is 1.8%. The average volume for Avago has been 1.8 million shares per day over the past 30 days. Avago has a market cap of $8.59 billion and is part of the technology sector and electronics industry. Shares are up 21.5% year to date as of the close of trading on Friday. Avago Technologies Limited engages in the design, development, and supply of analog semiconductor devices with a focus on III-V based products. The company has a P/E ratio of 15.7, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Avago 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, growth in earnings per share, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Avago Ratings Report. See our dividend calendar or top-yielding stocks list. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.