Owens & Minor Stock To Go Ex-dividend Tomorrow (OMI)

NEW YORK ( TheStreet) -- The ex-dividend date for Owens & Minor (NYSE: OMI) is tomorrow, March 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $30.29 as of 9:30 a.m. ET, the dividend yield is 3%.

The average volume for Owens & Minor has been 573,000 shares per day over the past 30 days. Owens & Minor has a market cap of $1.91 billion and is part of the services sector and wholesale industry. Shares are up 8.9% year to date as of the close of trading on Friday.

Owens & Minor, Inc., together with its subsidiaries, provides distribution, third-party logistics, and other supply-chain management services to healthcare providers and suppliers of medical and surgical products. The company has a P/E ratio of 16.4, below the average wholesale industry P/E ratio of 16.8 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Owens & Minor as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, reasonable valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Owens & Minor Ratings Report.

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