NEW YORK ( TheStreet) -- The ex-dividend date for Astoria Financial Corporation (NYSE: AF) is tomorrow, May 12, 2011. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $14.59 as of 9:33 a.m. ET, the dividend yield is 3.7%.

The average volume for Astoria Financial has been 780,000 shares per day over the past 30 days. Astoria Financial has a market cap of $1.4 billion and is part of the financial sector and banking industry. Shares are up 4.8% year to date as of the previous trading day's close.

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 15.3, above the average banking industry P/E ratio of 15.1 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Astoria Financial as a buy. 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, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Astoria Financial Ratings Report.

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