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.
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