The ex-dividend date for Avago Technologies (Nasdaq:AVGO) is tomorrow, December 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $34.69 as of 2:41 p.m., the dividend yield is 2%.
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, December 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $34.69 as of 2:41 p.m. ET, the dividend yield is 2%. The average volume for Avago has been 2.1 million shares per day over the past 30 days. Avago has a market cap of $8.44 billion and is part of the technology sector and electronics industry. Shares are up 19.4% year to date as of the close of trading on Tuesday. 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 12.4, 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 solid stock price performance, increase in net income, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Avago Ratings Report. See our dividend calendar or top-yielding stocks list. Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade.