NEW YORK ( TheStreet) -- The ex-dividend date for Abbott Laboratories (NYSE: ABT) is tomorrow, October 12, 2011. Owners of shares as of market close today will be eligible for a dividend of 48 cents per share. At a price of $52.58 as of 9:30 a.m. ET, the dividend yield is 3.7%.

The average volume for Abbott has been 8.8 million shares per day over the past 30 days. Abbott has a market cap of $80.2 billion and is part of the health care sector and drugs industry. Shares are up 9.8% year to date as of the close of trading on Monday.

Abbott Laboratories engages in the discovery, development, manufacture, and sale of health care products worldwide. The company has a P/E ratio of 15.7, equal to the average drugs industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Abbott as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Abbott Ratings Report.

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