Stryker Stock To Go Ex-dividend Tomorrow (SYK)

NEW YORK ( TheStreet) -- The ex-dividend date for Stryker Corporation (NYSE: SYK) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 21 cents per share. At a price of $55.42 as of 9:35 a.m. ET, the dividend yield is 1.6%.

The average volume for Stryker has been 2.1 million shares per day over the past 30 days. Stryker has a market cap of $20.26 billion and is part of the health care sector and health services industry. Shares are up 11.7% year to date as of the close of trading on Monday.

Stryker Corporation, together with its subsidiaries, operates as a medical technology company. The company operates in three segments: Reconstructive, MedSurg, and Neurotechnology and Spine. The company has a P/E ratio of 15.8, below the average health services industry P/E ratio of 16.8 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Stryker 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, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Stryker Ratings Report.

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