NEW YORK (

TheStreet

) -- The ex-dividend date for

Johnson & Johnson

(NYSE:

JNJ

) is tomorrow, August 26, 2011. Owners of shares as of market close today will be eligible for a dividend of 57 cents per share. At a price of $65.27 as of 9:30 a.m. ET, the dividend yield is 3.5%.

The average volume for Johnson & Johnson has been 14.4 million shares per day over the past 30 days. Johnson & Johnson has a market cap of $178 billion and is part of the

health care

sector and

drugs

industry. Shares are up 5.9% year to date as of the close of trading on Wednesday.

Johnson & Johnson engages in the research and development, manufacture, and sale of various products in the health care field worldwide. The company operates in three segments: Consumer, Pharmaceutical, and Medical Devices and Diagnostics. The company has a P/E ratio of 15.5, equal to the average drugs industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Johnson & Johnson 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, good cash flow from operations, solid stock price performance 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

Johnson & Johnson Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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