Broadcom Stock To Go Ex-dividend Tomorrow (BRCM)

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 Broadcom Corporation (Nasdaq: BRCM) is tomorrow, November 20, 2012. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $30.74 as of 9:30 a.m. ET, the dividend yield is 1.3%.

The average volume for Broadcom has been 6.9 million shares per day over the past 30 days. Broadcom has a market cap of $15.51 billion and is part of the technology sector and electronics industry. Shares are up 3.2% year to date as of the close of trading on Friday.

Broadcom Corporation designs and develops semiconductor solutions for wired and wireless communications. It provides a portfolio of system-on-a-chip (SoC) and software solutions. The company has a P/E ratio of 18.9, above the S&P 500 P/E ratio of 17.7.

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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, expanding profit margins and reasonable valuation levels. 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.

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