Techne Stock To Go Ex-dividend Tomorrow (TECH)

NEW YORK (TheStreet) -- The ex-dividend date for Techne Corporation (Nasdaq:TECH) is tomorrow, August 10, 2011. Owners of shares as of market close today will be eligible for a dividend of 27 cents per share. At a price of $71.60 as of 10:12 a.m. ET, the dividend yield is 1.5%.

The average volume for Techne has been 131,000 shares per day over the past 30 days. Techne has a market cap of $2.7 billion and is part of the health care sector and drugs industry. Shares are up 6.4% year to date as of the close of trading on Monday.

TECHNE Corporation and its subsidiaries engage in the development, manufacture, and sale of biotechnology products, and hematology calibrators and controls primarily in the United States and Europe. The company has a P/E ratio of 23, below the average drugs industry P/E ratio of 24.4 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Techne 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, solid stock price performance, growth in earnings per share and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Techne Ratings Report.

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