NEW YORK (

TheStreet

) -- The ex-dividend date for

Perrigo Company

(Nasdaq:

PRGO

) is tomorrow, May 30, 2012. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $103.63 as of 9:30 a.m. ET, the dividend yield is 0.3%.

The average volume for Perrigo has been 740,100 shares per day over the past 30 days. Perrigo has a market cap of $9.62 billion and is part of the

health care

sector and

drugs

industry. Shares are up 5.9% 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 generic prescription (Rx) pharmaceuticals, infant formulas, nutritional products, and active pharmaceutical ingredients (API) worldwide. The company has a P/E ratio of 26.1, equal to the average drugs industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Perrigo as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

Perrigo Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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