Steris Stock To Go Ex-dividend Tomorrow (STE)

NEW YORK (TheStreet) -- The ex-dividend date for Steris Corporation (NYSE:STE) is tomorrow, June 3, 2011. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $35.38 as of 9:32 a.m. ET, the dividend yield is 1.7%.

The average volume for Steris has been 269,900 shares per day over the past 30 days. Steris has a market cap of $2.1 billion and is part of the health care sector and health services industry. Shares are down 2.9% year to date as of the close of trading on Wednesday.

STERIS Corporation develops, manufactures, and markets infection prevention, contamination control, microbial reduction, and surgical support products and services to healthcare, pharmaceutical, scientific, research, industrial, and governmental customers worldwide. The company has a P/E ratio of 42.5, equal to the average health services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Steris 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, growth in earnings per share, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Steris Ratings Report.

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