Coventry Health Care Stock To Go Ex-dividend Tomorrow (CVH)

NEW YORK ( TheStreet) -- The ex-dividend date for Coventry Health Care (NYSE: CVH) is tomorrow, March 21, 2012. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $33.55 as of 9:30 a.m. ET, the dividend yield is 1.5%.

The average volume for Coventry Health Care has been 1.2 million shares per day over the past 30 days. Coventry Health Care has a market cap of $4.37 billion and is part of the health care sector and health services industry. Shares are up 11% year to date as of the close of trading on Monday.

Coventry Health Care, Inc. operates as a managed healthcare company in the United States. The company's Health Plan and Medical Services division provides health plan commercial risk, commercial management services, Medicare advantage coordinated care plans, and Medicaid products. The company has a P/E ratio of 9.1, above the average health services industry P/E ratio of 7.4 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Coventry Health Care as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Coventry Health Care Ratings Report.

See our dividend calendar or top-yielding stocks list.

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