ResMed Stock To Go Ex-dividend Tomorrow (RMD)

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NEW YORK ( TheStreet) -- The ex-dividend date for ResMed (NYSE: RMD) is tomorrow, November 16, 2012. Owners of shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $38.82 as of 9:30 a.m. ET, the dividend yield is 1.7%.

The average volume for ResMed has been 1.1 million shares per day over the past 30 days. ResMed has a market cap of $5.63 billion and is part of the health care sector and health services industry. Shares are up 52.8% year to date as of the close of trading on Wednesday.

ResMed Inc., through its subsidiaries, engages in the development, manufacture, and distribution of medical equipment for treating, diagnosing, and managing sleep-disordered breathing and other respiratory disorders. The company has a P/E ratio of 21.1, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates ResMed 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. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full ResMed Ratings Report.

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