Sirtex delivers mixed blessing

Sirtex has delivered a dividend well ahead of expectations, but at the stock's current price-earnings multiple it appears to be trading at a premium.

Liver cancer treatment developer Sirtex (SRX) has announced a better than expected dividend for the year, but that isn’t likely to quell concerns about its full valuation.

Sirtex will pay a final dividend of 12 cents a share for 2012-13 compared with consensus forecast of just 10.9 cents a share.

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