Analog Devices Stock To Go Ex-dividend Tomorrow (ADI)

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 Analog Devices (Nasdaq: ADI) is tomorrow, December 5, 2012. Owners of shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $40.34 as of 9:30 a.m. ET, the dividend yield is 3%.

The average volume for Analog Devices has been 2.1 million shares per day over the past 30 days. Analog Devices has a market cap of $12.24 billion and is part of the technology sector and electronics industry. Shares are up 13.5% year to date as of the close of trading on Monday.

Analog Devices, Inc. engages in the design, manufacture, and marketing of analog, mixed-signal, and digital signal processing integrated circuits (ICs) used in industrial, automotive, consumer, and communication applications. The company has a P/E ratio of 19.1, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Analog Devices as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, solid stock price performance, expanding profit margins and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Analog Devices Ratings Report.

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