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NEW YORK (

TheStreet

) -- The ex-dividend date for

Novartis

(NYSE:

NVS

) is tomorrow, February 24, 2011. Owners of shares as of market close today will be eligible for a dividend of $2 per share. At a price of $57.06 as of 9:31 a.m. ET, the dividend yield is 3.5%.

The average volume for Novartis has been 3.9 million shares per day over the past 30 days. Novartis has a market cap of $131.2 billion and is part of the

health care

sector and

drugs

TheStreet Recommends

industry. Shares are down 3.4% year to date as of the close of trading on Tuesday.

Novartis AG, through its subsidiaries, engages in the research, development, manufacture, and marketing of healthcare products worldwide. The company has a P/E ratio of 11.4, below the average drugs industry P/E ratio of 13.5 and below the S&P 500 P/E ratio of 23.2.

TheStreet Ratings rates Novartis as buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full

Novartis Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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