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NEW YORK (

TheStreet

) -- The ex-dividend date for

St Jude Medical

(NYSE:

STJ

) is tomorrow, June 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $38.05 as of 9:30 a.m. ET, the dividend yield is 2.4%.

The average volume for St Jude Medical has been four million shares per day over the past 30 days. St Jude Medical has a market cap of $11.89 billion and is part of the

health care

sector and

health services

industry. Shares are up 10.5% year to date as of the close of trading on Monday.

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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 15.3, equal to the average health services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates St Jude Medical as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

St Jude Medical Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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