NEW YORK (

TheStreet

) -- The ex-dividend date for

City National Corporation

(NYSE:

CYN

) is Monday, August 1, 2011. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $53.20 as of 10:01 a.m. ET, the dividend yield is 1.5%.

The average volume for City has been 257,000 shares per day over the past 30 days. City has a market cap of $2.8 billion and is part of the

financial

sector and

banking

industry. Shares are down 12.5% year to date as of the close of trading on Thursday.

City National Corporation operates as the bank holding company for City National Bank that provides a range of banking, investing, and trust services to small to mid-sized businesses, entrepreneurs, professionals, and affluent individuals. The company has a P/E ratio of 17.7, equal to the average banking industry P/E ratio and equal to the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates City as a

buy

. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, expanding profit margins, notable return on equity, increase in stock price during the past year and increase in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full

City Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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