The ex-dividend date for Merck (NYSE:MRK) is tomorrow, March 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 42 cents per share. At a price of $37.66 as of 9:30 a.m., the dividend yield is 4.5%.
NEW YORK ( TheStreet) -- The ex-dividend date for Merck (NYSE: MRK) is tomorrow, March 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 42 cents per share. At a price of $37.66 as of 9:30 a.m. ET, the dividend yield is 4.5%. The average volume for Merck has been 16.2 million shares per day over the past 30 days. Merck has a market cap of $118.2 billion and is part of the health care sector and drugs industry. Shares are down 0.3% year to date as of the close of trading on Friday. Merck & Co., Inc. provides various health solutions through its prescription medicines, vaccines, biologic therapies, animal health, and consumer care products. The company has a P/E ratio of 18.5, below the average drugs industry P/E ratio of 28.1 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Merck 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 expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Merck Ratings Report. See our dividend calendar or top-yielding stocks list.