NetApp Stock To Go Ex-dividend Tomorrow (NTAP)

NEW YORK ( TheStreet) -- The ex-dividend date for NetApp (Nasdaq: NTAP) is tomorrow, July 9, 2013. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $38.94 as of 9:30 a.m. ET, the dividend yield is 1.6%.

The average volume for NetApp has been 8.7 million shares per day over the past 30 days. NetApp has a market cap of $13.83 billion and is part of the technology sector and computer hardware industry. Shares are up 15.6% year to date as of the close of trading on Friday.

NetApp, Inc. engages in design, manufacture, and marketing of networked storage solutions. The company supplies enterprise storage and data management software and hardware products and services.

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TheStreet Ratings rates NetApp as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full NetApp Ratings Report.

See our dividend calendar or top-yielding stocks list.

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