St Jude Medical Stock To Go Ex-dividend Tomorrow (STJ)
The ex-dividend date for St Jude Medical (NYSE:STJ) is tomorrow, September 26, 2012. Owners of shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $42.71 as of 10 a.m., the dividend yield is 2.1%.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model NEW YORK ( TheStreet) -- The ex-dividend date for St Jude Medical (NYSE: STJ) is tomorrow, September 26, 2012. Owners of shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $42.71 as of 10 a.m. ET, the dividend yield is 2.1%. The average volume for St Jude Medical has been 2.7 million shares per day over the past 30 days. St Jude Medical has a market cap of $13.51 billion and is part of the health care sector and health services industry. Shares are up 25.4% year to date as of the close of trading on Monday. St. Jude Medical, Inc. develops, manufactures, and distributes cardiovascular and implantable neurostimulation medical devices worldwide. It operates in four segments: Cardiac Rhythm Management, Cardiovascular, Atrial Fibrillation, and Neuromodulation. The company has a P/E ratio of 17, equal to the average health services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates St Jude Medical as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full St Jude Medical Ratings Report. See our dividend calendar or top-yielding stocks list. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.