NEW YORK (

TheStreet

) -- The ex-dividend date for

SunTrust Banks Inc

(NYSE:

STI

) is tomorrow, August 30, 2011. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $19.15 as of 9:30 a.m. ET, the dividend yield is 1.1%.

The average volume for SunTrust Banks has been 6.6 million shares per day over the past 30 days. SunTrust Banks has a market cap of $10 billion and is part of the

financial

sector and

banking

industry. Shares are down 36.3% year to date as of the close of trading on Friday.

SunTrust Banks, Inc. operates as the holding company for SunTrust Bank, which provides various financial services to consumer and corporate customers in the United States. The company has a P/E ratio of 23, equal to the average banking industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates SunTrust Banks as a

hold

. 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 and good cash flow from operations. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full

SunTrust Banks Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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