Medtronic Stock To Go Ex-dividend Tomorrow (MDT)

NEW YORK ( TheStreet) -- The ex-dividend date for Medtronic (NYSE: MDT) is tomorrow, April 3, 2012. Owners of shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $39.18 as of 9:30 a.m. ET, the dividend yield is 2.5%.

The average volume for Medtronic has been 6.1 million shares per day over the past 30 days. Medtronic has a market cap of $41.51 billion and is part of the health care sector and health services industry. Shares are up 2.5% year to date as of the close of trading on Friday.

Medtronic, Inc. manufactures and sells device-based medical therapies worldwide. The company has a P/E ratio of 12.6, above the average health services industry P/E ratio of 12.4 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Medtronic as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Medtronic Ratings Report.

See our dividend calendar or top-yielding stocks list.

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