Seagate Technology Stock To Go Ex-dividend Tomorrow (STX)

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 Seagate Technology (Nasdaq: STX) is tomorrow, November 9, 2012. Owners of shares as of market close today will be eligible for a dividend of 32 cents per share. At a price of $29.59 as of 9:40 a.m. ET, the dividend yield is 4.2%.

The average volume for Seagate Technology has been 9.2 million shares per day over the past 30 days. Seagate Technology has a market cap of $11.43 billion and is part of the technology sector and computer hardware industry. Shares are up 84.7% year to date as of the close of trading on Wednesday.

Seagate Technology Public Limited Company designs, manufactures, markets, and sells hard disk drives for enterprise storage, client compute, and client non-compute market applications worldwide. The company has a P/E ratio of four, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Seagate Technology as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, notable return on equity, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Seagate Technology Ratings Report.

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Seagate May Continue Higher

Seagate May Continue Higher