Stryker Stock To Go Ex-dividend Tomorrow (SYK)

NEW YORK (TheStreet) -- The ex-dividend date for Stryker Corporation (NYSE:SYK) is tomorrow, June 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 21 cents per share. At a price of $53.74 as of 9:30 a.m. ET, the dividend yield is 1.6%.

The average volume for Stryker has been 1.7 million shares per day over the past 30 days. Stryker has a market cap of $20.79 billion and is part of the health care sector and health services industry. Shares are up 9.8% year to date as of the close of trading on Monday.

Stryker Corporation, together with its subsidiaries, operates as a medical technology company. The company operates in three segments: Reconstructive, MedSurg, and Neurotechnology and Spine. The company has a P/E ratio of 15.2, equal to the average health services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Stryker 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 reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Stryker Ratings Report.

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