Covidien plc. ( COV ) will begin trading ex-dividend on July 25, 2014. A cash dividend payment of $0.32 per share is scheduled to be paid on August 19, 2014. Shareholders who purchased COV stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 4th quarter that COV has paid the same dividend. At the current stock price of $89.29, the dividend yield is 1.43%.
The previous trading day's last sale of COV was $89.29, representing a -3.66% decrease from the 52 week high of $92.68 and a 50.9% increase over the 52 week low of $59.17.
COV is a part of the Health Care sector, which includes companies such as 3M Company ( MMM ) and Baxter International Inc. ( BAX ). COV's current earnings per share, an indicator of a company's profitability, is $3.48. Zacks Investment Research reports COV's forecasted earnings growth in 2014 as 7.28%, compared to an industry average of 13.7%.
Interested in gaining exposure to COV through an Exchange Traded Fund [ETF]?
The following ETF(s) have COV as a top-10 holding:
- iShares U.S. Medical Devices ETF ( IHI )
- Guggenheim S&P 500 Equal Weight Healthcare ETF ( RYH )
- SPDR S&P Health Care Equipment ( XHE )
- Guggenheim Raymond James SB-1 Equity Fund ( RYJ )
- Guggenheim S&P 500 Equal Weight ( RSP ).
The top-performing ETF of this group is RYH with an increase of 6.37% over the last 100 days. IHI has the highest percent weighting of COV at 7.37%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.