PerkinElmer Stock To Go Ex-dividend Tomorrow (PKI)

NEW YORK ( TheStreet) -- The ex-dividend date for PerkinElmer (NYSE: PKI) is tomorrow, October 19, 2011. Owners of shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $18.63 as of 9:30 a.m. ET, the dividend yield is 1.5%.

The average volume for PerkinElmer has been 1.5 million shares per day over the past 30 days. PerkinElmer has a market cap of $2.2 billion and is part of the health care sector and health services industry. Shares are down 27.9% year to date as of the close of trading on Monday.

PerkinElmer, Inc. provides technology, services, and solutions to the diagnostics, research, environmental and safety, and industrial and laboratory services markets worldwide. The company has a P/E ratio of 18.3, above the average health services industry P/E ratio of 6.4 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates PerkinElmer as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, disappointing return on equity and weak operating cash flow. You can view the full PerkinElmer Ratings Report.

See our dividend calendar or top-yielding stocks list.

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