Conmed Stock To Go Ex-dividend Tomorrow (CNMD)

NEW YORK ( TheStreet) -- The ex-dividend date for Conmed Corporation (Nasdaq: CNMD) is tomorrow, June 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $26.89 as of 9:30 a.m. ET, the dividend yield is 2.2%.

The average volume for Conmed has been 122,000 shares per day over the past 30 days. Conmed has a market cap of $772.3 million and is part of the health care sector and health services industry. Shares are up 1.9% year to date as of the close of trading on Monday.

CONMED Corporation, a medical technology company, provides surgical devices and equipment for minimally invasive procedures and monitoring. The company has a P/E ratio of 390, equal to the average health services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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

See our dividend calendar or top-yielding stocks list.
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