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NEW YORK ( TheStreet) -- The ex-dividend date for Covidien (NYSE: COV) is tomorrow, October 11, 2011. Owners of shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $45.13 as of 10:05 a.m. ET, the dividend yield is 2.1%. The average volume for Covidien has been 4.9 million shares per day over the past 30 days. Covidien has a market cap of $21.6 billion and is part of the health care sector and health services industry. Shares are down 3.4% year to date as of the close of trading on Friday. Covidien Public Limited Company develops, manufactures, and sells healthcare products for use in clinical and home settings in the United States and internationally. The company has a P/E ratio of 12.1, above the average health services industry P/E ratio of 11.7 and below the S&P 500 P/E ratio of 17.7.