NEW YORK (

TheStreet

) -- The ex-dividend date for

TCF Financial Corporation

(NYSE:

TCB

) is tomorrow, July 27, 2011. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $12.99 as of 9:31 a.m. ET, the dividend yield is 1.5%.

The average volume for TCF Financial has been 1.6 million shares per day over the past 30 days. TCF Financial has a market cap of $2.1 billion and is part of the

financial

sector and

banking

industry. Shares are down 12.1% year to date as of the close of trading on Monday.

TCF Financial Corporation operates as the bank holding company for TCF National Bank that provides various retail and commercial banking products and services in the United States and Canada. The company has a P/E ratio of 15.2, 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 TCF Financial as a

buy

. Among the primary strengths of the company is its expanding profit margins over time. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full

TCF Financial Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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