Associated Banc-Corp Stock To Go Ex-dividend Tomorrow (ASBC)

NEW YORK (TheStreet) -- The ex-dividend date for Associated Banc-Corp (Nasdaq:ASBC) is tomorrow, May 30, 2012. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $12.84 as of 9:30 a.m. ET, the dividend yield is 1.6%.

The average volume for Associated Banc-Corp has been 1.4 million shares per day over the past 30 days. Associated Banc-Corp has a market cap of $2.22 billion and is part of the financial sector and banking industry. Shares are up 14.2% year to date as of the close of trading on Friday.

Associated Banc-Corp, a bank holding company, offers various banking and financial services to individuals and businesses primarily in Wisconsin, Illinois, and Minnesota. Its Banking segment provides loans and deposit products to businesses, governments, and consumers. The company has a P/E ratio of 15.8, above the average banking industry P/E ratio of 15.6 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Associated Banc-Corp as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow. You can view the full Associated Banc-Corp Ratings Report.

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