Conmed Stock To Go Ex-dividend Tomorrow (CNMD)

NEW YORK ( TheStreet) -- The ex-dividend date for Conmed Corporation (Nasdaq: CNMD) is tomorrow, March 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $29.90 as of 9:34 a.m. ET, the dividend yield is 2%.

The average volume for Conmed has been 132,700 shares per day over the past 30 days. Conmed has a market cap of $802.1 million and is part of the health care sector and health services industry. Shares are up 15% year to date as of the close of trading on Friday.

CONMED Corporation, a medical technology company, provides surgical devices and equipment for minimally invasive procedures and monitoring. The company has a P/E ratio of 983.7, above the average health services industry P/E ratio of 25 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Conmed as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Conmed Ratings Report.

See our dividend calendar or top-yielding stocks list.
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