The ex-dividend date for Merck (NYSE:MRK) is tomorrow, June 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 42 cents per share. At a price of $38.59 as of 9:30 a.m., the dividend yield is 4.5%.
NEW YORK ( TheStreet) -- The ex-dividend date for Merck (NYSE: MRK) is tomorrow, June 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 42 cents per share. At a price of $38.59 as of 9:30 a.m. ET, the dividend yield is 4.5%. The average volume for Merck has been 13.2 million shares per day over the past 30 days. Merck has a market cap of $116.98 billion and is part of the health care sector and drugs industry. Shares are down 0.5% year to date as of the close of trading on Monday. Merck & Co., Inc. provides various health solutions through its prescription medicines, vaccines, biologic therapies, animal health, and consumer care products. The company has a P/E ratio of 17.2, equal to the average drugs industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Merck 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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Merck Ratings Report. See our dividend calendar or top-yielding stocks list.