NEW YORK (
) -- The ex-dividend date for
) is tomorrow, February 29, 2012. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $97.93 as of 9:30 a.m. ET, the dividend yield is 0.3%.
The average volume for Perrigo has been 1.2 million shares per day over the past 30 days. Perrigo has a market cap of $9.09 billion and is part of the
industry. Shares are up 0.7% year to date as of the close of trading on Monday.
Perrigo Company, through its subsidiaries, develops, manufactures, and distributes over-the-counter (OTC) and generic prescription (Rx) pharmaceuticals, infant formulas, nutritional products, and active pharmaceutical ingredients (API) worldwide. The company has a P/E ratio of 26, below the average drugs industry P/E ratio of 27.3 and above the S&P 500 P/E ratio of 17.7.
- Sign up for TheStreet's FREE Dividend and Income Investor Newsletter
TheStreet Ratings rates Perrigo as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, notable return on equity, good cash flow from operations and expanding profit margins. 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