Medicis Stock To Go Ex-dividend Tomorrow (MRX)

NEW YORK ( TheStreet) -- The ex-dividend date for Medicis Pharmaceuticals Corporation (NYSE: MRX) is tomorrow, March 29, 2012. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $38.41 as of 9:30 a.m. ET, the dividend yield is 1%.

The average volume for Medicis has been 1.4 million shares per day over the past 30 days. Medicis has a market cap of $2.02 billion and is part of the health care sector and drugs industry. Shares are up 15.8% year to date as of the close of trading on Tuesday.

Medicis Pharmaceutical Corporation, a specialty pharmaceutical company, engages in the development and marketing of various products for the treatment of dermatological and aesthetic conditions in the United States and Canada. The company has a P/E ratio of 24.2, above the average drugs industry P/E ratio of 23.5 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Medicis as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Medicis Ratings Report.

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