National Penn Stock To Go Ex-dividend Tomorrow (NPBC)

NEW YORK (TheStreet) -- The ex-dividend date for National Penn (Nasdaq:NPBC) is tomorrow, May 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $9.15 as of 9:30 a.m. ET, the dividend yield is 3%.

The average volume for National Penn has been 706,100 shares per day over the past 30 days. National Penn has a market cap of $1.42 billion and is part of the financial sector and banking industry. Shares are up 9.2% year to date as of the close of trading on Monday.

National Penn Bancshares, Inc. operates as the bank holding company for National Penn Bank that provides commercial banking products and services to residents and businesses primarily in eastern and central Pennsylvania. The company has a P/E ratio of 15, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates National Penn as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, expanding profit margins, solid stock price performance and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full National Penn Ratings Report.

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