NEW YORK (

TheStreet

) -- The ex-dividend date for

St Jude Medical

(NYSE:

STJ

) is tomorrow, March 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 21 cents per share. At a price of $51.20 as of 10:02 a.m. ET, the dividend yield is 1.6%.

The average volume for St Jude Medical has been 3.8 million shares per day over the past 30 days. St Jude Medical has a market cap of $16.7 billion and is part of the

health care

sector and

health services

industry. Shares are up 18.8% year to date as of the close of trading on Friday.

St. Jude Medical, Inc. develops, manufactures, and distributes cardiovascular and implantable neurostimulation medical devices worldwide. It operates in four segments: Cardiac Rhythm Management, Cardiovascular, Atrial Fibrillation, and Neuromodulation. The company has a P/E ratio of 18.7, equal to the average health services industry P/E ratio and above the S&P 500 P/E ratio of 16.2.

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TheStreet Ratings rates St Jude Medical as buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full

St Jude Medical Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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