NEW YORK ( TheStreet) -- The ex-dividend date for Allergan (NYSE: AGN) is tomorrow, February 22, 2012. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $87.86 as of 9:30 a.m. ET, the dividend yield is 0.2%. The average volume for Allergan has been 1.6 million shares per day over the past 30 days. Allergan has a market cap of $26.99 billion and is part of the health care sector and drugs industry. Shares are up 0.2% year to date as of the close of trading on Friday. Allergan, Inc. operates as a multi-specialty healthcare company primarily in the United States, Europe, Latin America, and the Asia Pacific. The company has a P/E ratio of 24.1, below the average drugs industry P/E ratio of 29.7 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Allergan as a buy. 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, growth in earnings per share, solid stock price performance and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Allergan Ratings Report. See our dividend calendar or top-yielding stocks list.