NEW YORK (

TheStreet

) -- The ex-dividend date for

Perrigo Company

(Nasdaq:

PRGO

) is tomorrow, February 23, 2011. Owners of shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $75.21 as of 9:31 a.m. ET, the dividend yield is 0.4%.

The average volume for Perrigo has been 749,100 shares per day over the past 30 days. Perrigo has a market cap of $7 billion and is part of the

health care

sector and

drugs

industry. Shares are up 19.5% year to date as of the close of trading on Friday.

Perrigo Company, through its subsidiaries, develops, manufactures, and distributes over-the-counter (OTC) and prescription (Rx) pharmaceuticals, nutritional products, active pharmaceutical ingredients (API), and medical diagnostic products worldwide. The company has a P/E ratio of 25.8, equal to the average drugs industry P/E ratio and above the S&P 500 P/E ratio of 23.2.

TheStreet Ratings rates Perrigo as buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full

Perrigo Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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