Microchip Technology Stock To Go Ex-dividend Tomorrow (MCHP)
The ex-dividend date for Microchip Technology (Nasdaq:MCHP) is tomorrow, May 17, 2013. Owners of shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $37.82 as of 12:40 p.m., the dividend yield is 3.8%.
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 Microchip Technology (Nasdaq: MCHP) is tomorrow, May 17, 2013. Owners of shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $37.82 as of 12:40 p.m. ET, the dividend yield is 3.8%. The average volume for Microchip Technology has been two million shares per day over the past 30 days. Microchip Technology has a market cap of $7.31 billion and is part of the technology sector and electronics industry. Shares are up 14.8% year to date as of the close of trading on Wednesday. Microchip Technology Incorporated engages in the development, manufacture, and sale of semiconductor products for embedded control applications. The company has a P/E ratio of 19.8, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Microchip Technology 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, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Microchip Technology Ratings Report. See our dividend calendar or top-yielding stocks list. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.