Dividend Watch: 2 Stocks Going Ex-Dividend Tomorrow: TCP, COV
Covidien (NYSE: COV) shares as of market close today will be eligible for a dividend of 32 cents per share. At a price of $67.46 as of 9:35 a.m. ET, the dividend yield is 1.9%. The average volume for Covidien has been 2.0 million shares per day over the past 30 days. Covidien has a market cap of $30.8 billion and is part of the health services industry. Shares are down 0% year-to-date as of the close of trading on Wednesday. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. Covidien plc develops, manufactures, and sells healthcare products for use in clinical and home settings worldwide. The company has a P/E ratio of 20.06. TheStreet Ratings rates Covidien as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, reasonable valuation levels, increase in stock price during the past year 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 Covidien Ratings Report now.
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