NEW YORK (

TheStreet

) -- The ex-dividend date for

Prosperity

(Nasdaq:

PRSP

) is tomorrow, June 15, 2011. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $42.27 as of 9:31 a.m. ET, the dividend yield is 1.7%.

The average volume for Prosperity has been 272,700 shares per day over the past 30 days. Prosperity has a market cap of $2 billion and is part of the

financial

sector and

banking

industry. Shares are up 6.8% year to date as of the close of trading on Monday.

Prosperity Bancshares, Inc. operates as the holding company for Prosperity Bank that provides retail and commercial banking services to small and medium-sized businesses and consumers. 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 Prosperity as a

buy

. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, growth in earnings per share, expanding profit margins, good cash flow from operations 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

Prosperity Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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