Galicia Financial Group Stock To Go Ex-dividend Tomorrow (GGAL)

NEW YORK ( TheStreet) -- The ex-dividend date for Galicia Financial Group (Nasdaq: GGAL) is tomorrow, May 11, 2011. Owners of shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $13.04 as of 9:31 a.m. ET, the dividend yield is 0.2%.

The average volume for Galicia Financial Group has been 322,900 shares per day over the past 30 days. Galicia Financial Group has a market cap of $1.5 billion and is part of the financial sector and banking industry. Shares are down 15.8% year to date as of the previous trading day's close.

Grupo Financiero Galicia S.A. operates as the holding company for Banco de Galicia y Buenos Aires S.A. that provides financial products and services to large corporations, small and medium-sized companies, and individuals. The company has a P/E ratio of 6.2, below the average banking industry P/E ratio of 15 and below the S&P 500 P/E ratio of 16.2.
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TheStreet Ratings rates Galicia Financial Group 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 notable return on equity. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full Galicia Financial Group Ratings Report.

See our dividend calendar or top-yielding stocks list.

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