NEW YORK ( TheStreet) -- The ex-dividend date for Abbott Laboratories (NYSE: ABT) is tomorrow, April 11, 2012. Owners of shares as of market close today will be eligible for a dividend of 51 cents per share. At a price of $60.90 as of 9:30 a.m. ET, the dividend yield is 3.3%. The average volume for Abbott has been 6.4 million shares per day over the past 30 days. Abbott has a market cap of $87.21 billion and is part of the health care sector and drugs industry. Shares are up 8.4% year to date as of the close of trading on Monday. Abbott Laboratories engages in the discovery, development, manufacture, and sale of health care products worldwide. The company has a P/E ratio of 20.4, above the average drugs industry P/E ratio of 19.4 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Abbott as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Abbott Ratings Report. See our dividend calendar or top-yielding stocks list.