NEW YORK ( TheStreet) -- The ex-dividend date for Northwest Bancshares Inc MD (Nasdaq: NWBI) is tomorrow, May 3, 2011. Owners of shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $12.48 as of 10:12 a.m. ET, the dividend yield is 3.5%. The average volume for Northwest Bancshares Inc MD has been 678,200 shares per day over the past 30 days. Northwest Bancshares Inc MD has a market cap of $1.4 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 Friday. Northwest Bancshares, Inc. operates as the holding company for Northwest Savings Bank that offers various banking and consumer finance services. The company has a P/E ratio of 21.9, equal to the average banking industry P/E ratio and above the S&P 500 P/E ratio of 17.
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