Omnicare Stock To Go Ex-dividend Tomorrow (OCR)

NEW YORK ( TheStreet) -- The ex-dividend date for Omnicare (NYSE: OCR) is tomorrow, March 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $35.21 as of 9:30 a.m. ET, the dividend yield is 0.8%.

The average volume for Omnicare has been 1.8 million shares per day over the past 30 days. Omnicare has a market cap of $3.79 billion and is part of the services sector and wholesale industry. Shares are up 2.1% year to date as of the close of trading on Wednesday.

Omnicare, Inc. provides pharmaceuticals, and related pharmacy and ancillary services to long-term healthcare institutions. The company has a P/E ratio of 25.1, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Omnicare as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Omnicare Ratings Report.

See our dividend calendar or top-yielding stocks list.

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