St Jude Medical Stock To Go Ex-dividend Tomorrow (STJ)

NEW YORK ( TheStreet) -- The ex-dividend date for St Jude Medical (NYSE: STJ) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $43.96 as of 9:30 a.m. ET, the dividend yield is 2.1%.

The average volume for St Jude Medical has been four million shares per day over the past 30 days. St Jude Medical has a market cap of $12.3 billion and is part of the health care sector and health services industry. Shares are up 27.7% year to date as of the close of trading on Monday.

St. Jude Medical, Inc. develops, manufactures, and distributes cardiovascular and implantable neurostimulation medical devices worldwide. It operates in four segments: Cardiac Rhythm Management, Cardiovascular, Atrial Fibrillation, and Neuromodulation. The company has a P/E ratio of 17.2, above the average health services industry P/E ratio of 14.1 and below the S&P 500 P/E ratio of 17.7.

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

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