Macro Stock To Go Ex-dividend Tomorrow (BMA)

NEW YORK ( TheStreet) -- The ex-dividend date for Macro Bank (NYSE: BMA) is tomorrow, May 6, 2011. Owners of shares as of market close today will be eligible for a dividend of $2.08 per share. At a price of $36.80 as of 9:36 a.m. ET, the dividend yield is 7.8%.

The average volume for Macro has been 114,700 shares per day over the past 30 days. Macro has a market cap of $2.3 billion and is part of the financial sector and banking industry. Shares are down 25% year to date as of the close of trading on Wednesday.

Banco Macro S.A. provides banking products and services to individuals, entrepreneurs, companies, and corporate customers in Argentina. The company has a P/E ratio of 25.3, above the S&P 500 P/E ratio of 17.

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TheStreet Ratings rates Macro as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, notable return on equity, expanding profit margins and compelling growth in net income. 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 Macro Ratings Report.

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