WellPoint Stock To Go Ex-dividend Tomorrow (WLP)

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 WellPoint (NYSE: WLP) is tomorrow, December 5, 2012. Owners of shares as of market close today will be eligible for a dividend of 29 cents per share. At a price of $56.12 as of 9:30 a.m. ET, the dividend yield is 2.1%.

The average volume for WellPoint has been 3.2 million shares per day over the past 30 days. WellPoint has a market cap of $16.97 billion and is part of the health care sector and health services industry. Shares are down 15.4% year to date as of the close of trading on Monday.

WellPoint, Inc., through its subsidiaries, operates as a health benefits company in the United States. The company offers various network-based managed care plans to large and small employer, individual, Medicaid, and senior markets. The company has a P/E ratio of 7.3, below the S&P 500 P/E ratio of 17.7.

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

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