Medicis Stock To Go Ex-dividend Tomorrow (MRX) - TheStreet

NEW YORK (

TheStreet

) -- The ex-dividend date for

Medicis Pharmaceuticals Corporation

(NYSE:

MRX

) is tomorrow, June 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $33.29 as of 10 a.m. ET, the dividend yield is 1.2%.

The average volume for Medicis has been 1.3 million shares per day over the past 30 days. Medicis has a market cap of $1.96 billion and is part of the

health care

sector and

drugs

industry. Shares are down 0.9% 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 various products for the treatment of dermatological and aesthetic conditions in the United States and Canada. The company has a P/E ratio of 25.9, above the average drugs industry P/E ratio of 19.2 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 and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full

Medicis Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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