NEW YORK ( TheStreet) -- The ex-dividend date for Astoria Financial Corporation (NYSE: AF) is tomorrow, February 11, 2011. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $14.74 as of 9:31 a.m. ET, the dividend yield is 3.5%. The average volume for Astoria Financial has been 875,400 shares per day over the past 30 days. Astoria Financial has a market cap of $1.5 billion and is part of the financial sector and banking industry. Shares are up 5.8% year to date as of the close of trading on Wednesday.

Astoria Financial Corporation operates as the bank holding company for Astoria Federal Savings and Loan Association that provides various banking services in the United States. It primarily engages in generating deposits and originating loans. The company has a P/E ratio of 18.4, below the average banking industry P/E ratio of 19.1 and below the S&P 500 P/E ratio of 23.5.

TheStreet Ratings rates Astoria Financial as buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins 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 Astoria Financial Ratings Report.