AstraZeneca Stock To Go Ex-dividend Tomorrow (AZN)

NEW YORK (TheStreet) -- The ex-dividend date for AstraZeneca (NYSE:AZN) is tomorrow, August 8, 2012. Owners of shares as of market close today will be eligible for a dividend of 90 cents per share. At a price of $48.22 as of 10:05 a.m. ET, the dividend yield is 5.9%.

The average volume for AstraZeneca has been 1.6 million shares per day over the past 30 days. AstraZeneca has a market cap of $61.42 billion and is part of the health care sector and drugs industry. Shares are up 4.1% year to date as of the close of trading on Monday.

AstraZeneca PLC engages in the discovery, development, and commercialization of prescription medicines for gastrointestinal, cardiovascular, neuroscience, respiratory and inflammation, oncology, and infectious diseases worldwide. The company has a P/E ratio of 6.6, below the average drugs industry P/E ratio of 7.4 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates AstraZeneca as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full AstraZeneca Ratings Report.

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