NEW YORK ( TheStreet) -- The ex-dividend date for Medtronic (NYSE: MDT) is tomorrow, October 5, 2011. Owners of shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $31.46 as of 9:30 a.m. ET, the dividend yield is 2.9%.

The average volume for Medtronic has been 7.5 million shares per day over the past 30 days. Medtronic has a market cap of $35.1 billion and is part of the health care sector and health services industry. Shares are down 14.3% year to date as of the close of trading on Monday.

Medtronic, Inc. manufactures and sells device-based medical therapies worldwide. The company has a P/E ratio of 11.6, 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 Medtronic as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we find that net income has been generally deteriorating over time. You can view the full Medtronic Ratings Report.

See our dividend calendar or top-yielding stocks list.
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