Dow Component Merck (MRK) To Go Ex-dividend Tomorrow

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer..

The Dow Jones Industrial Average ( ^DJI) is trading up 183 points (+1%) at 17,947 as of Wednesday, Jun 10, 2015, 10:36 a.m. ET. During this time, 70.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 354.8 million. The NYSE advances/declines ratio sits at 2,297 issues advancing vs. 582 declining with 185 unchanged.
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Thursday, June 11, 2015 is the ex-dividend date for Dow component Merck (NYSE: MRK). Owners of shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $59.12 as of 10:37 a.m. ET, the dividend yield is 3.1% compared to the average Dow component yield of 2.8%.

The average volume for Merck has been 11.3 million shares per day over the past 30 days. Merck has a market cap of $166.32 billion and is part of the health care sector and drugs industry. Shares are up 3.6% year-to-date as of Tuesday's close.

Merck & Co., Inc. provides health care solutions worldwide. The company has a P/E ratio of 15.4, equal to the average drugs industry P/E ratio.
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TheStreet Ratings rates Merck as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels, expanding profit margins and increase in stock price during the past year. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

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