The ex-dividend date for Shire (Nasdaq:SHPGY) is tomorrow, September 7, 2011. Owners of shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $92.59 as of 9:30 a.m., the dividend yield is 0.4%.
NEW YORK ( TheStreet) -- The ex-dividend date for Shire (Nasdaq: SHPGY) is tomorrow, September 7, 2011. Owners of shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $92.59 as of 9:30 a.m. ET, the dividend yield is 0.4%. The average volume for Shire has been 491,900 shares per day over the past 30 days. Shire has a market cap of $17.7 billion and is part of the health care sector and drugs industry. Shares are up 30.3% year to date as of the close of trading on Friday. Shire plc, a specialty biopharmaceutical company, engages in the research and development, manufacture, sale, and distribution of pharmaceutical products. It operates in two segments, Specialty Pharmaceuticals and Human Genetic Therapies. The company has a P/E ratio of 29.8, above the average drugs industry P/E ratio of 26.3 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Shire as a buy. The company's strengths can be seen in multiple areas, such as its robust 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 is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Shire Ratings Report. See our dividend calendar or top-yielding stocks list.