NEW YORK (

TheStreet

) -- The ex-dividend date for

Covidien

(NYSE:

COV

) is tomorrow, January 26, 2012. Owners of shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $48.32 as of 9:40 a.m. ET, the dividend yield is 1.9%.

The average volume for Covidien has been 3.5 million shares per day over the past 30 days. Covidien has a market cap of $23.27 billion and is part of the

health care

sector and

health services

industry. Shares are up 8.6% year to date as of the close of trading on Tuesday.

Covidien Public Limited Company develops, manufactures, and sells healthcare products for use in clinical and home settings in the United States and internationally. The company has a P/E ratio of 12.7, 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 Covidien as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, notable return on equity, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

Covidien Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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