NEW YORK (

TheStreet

) -- The ex-dividend date for

Medicis Pharmaceuticals Corporation

(NYSE:

MRX

) is tomorrow, December 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $32.99 as of 12:49 p.m. ET, the dividend yield is 0.9%.

The average volume for Medicis has been 1.4 million shares per day over the past 30 days. Medicis has a market cap of $2.08 billion and is part of the

health care

sector and

drugs

industry. Shares are up 26% year to date as of the close of trading on Tuesday.

Medicis Pharmaceutical Corporation, a specialty pharmaceutical company, engages in the development and marketing of products for the treatment of dermatological and aesthetic conditions in the United States, Canada, and Europe. The company has a P/E ratio of 24.3, above the average drugs industry P/E ratio of 24.2 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Medicis 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, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Medicis Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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