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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