Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

.

NEW YORK (

TheStreet

) -- The ex-dividend date for

First Niagara Financial Group

(Nasdaq:

FNFG

) is tomorrow, May 1, 2013. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $9.40 as of 9:30 a.m. ET, the dividend yield is 3.4%.

The average volume for First Niagara Financial Group has been 4.6 million shares per day over the past 30 days. First Niagara Financial Group has a market cap of $3.33 billion and is part of the financial sector and banking industry. Shares are up 19% year to date as of the close of trading on Monday.

First Niagara Financial Group, Inc. operates as the bank holding company for First Niagara Bank, N.A. that provides retail and commercial banking, and other financial services to individuals, families, and businesses. The company has a P/E ratio of 24.2, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates First Niagara Financial Group as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full

First Niagara Financial Group Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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