Invacare Stock To Go Ex-dividend Tomorrow (IVC)

NEW YORK (TheStreet) -- The ex-dividend date for Invacare Corporation (NYSE:IVC) is tomorrow, June 30, 2011. Owners of shares as of market close today will be eligible for a dividend of 1 cents per share. At a price of $33.30 as of 9:35 a.m. ET, the dividend yield is 0.2%.

The average volume for Invacare has been 147,400 shares per day over the past 30 days. Invacare has a market cap of $1 billion and is part of the health care sector and health services industry. Shares are up 10.6% year to date as of the close of trading on Tuesday.

Invacare Corporation designs, manufactures, and distributes medical equipment and supplies for the non-acute care environment, including the home health care, retail, and extended care markets. The company has a P/E ratio of 35.9, below the average health services industry P/E ratio of 36.3 and above the S&P 500 P/E ratio of 17.7.

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

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