Broadcom Stock To Go Ex-dividend Tomorrow (BRCM)

NEW YORK ( TheStreet) -- The ex-dividend date for Broadcom Corporation (Nasdaq: BRCM) is tomorrow, November 21, 2013. Owners of shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $26.44 as of 9:50 a.m. ET, the dividend yield is 1.6%.

The average volume for Broadcom has been 9.3 million shares per day over the past 30 days. Broadcom has a market cap of $13.79 billion and is part of the technology sector and electronics industry. Shares are down 19.8% year to date as of the close of trading on Tuesday.

Broadcom Corporation provides semiconductor solutions for wired and wireless communications. Its products offer voice, video, data, and multimedia connectivity in the home, office, and mobile environments. The company has a P/E ratio of 30.6, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Broadcom as a hold. 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 and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full Broadcom Ratings Report.

See our dividend calendar or top-yielding stocks list.

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