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NEW YORK ( TheStreet) -- The ex-dividend date for PacWest Bancorp (Nasdaq: PACW) is tomorrow, May 19, 2011. Owners of shares as of market close today will be eligible for a dividend of one cent per share. At a price of $21.30 as of 9:32 a.m. ET, the dividend yield is 0.2%. The average volume for PacWest has been 184,500 shares per day over the past 30 days. PacWest has a market cap of $782.7 million and is part of the financial sector and banking industry. Shares are up 0.1% year to date as of the close of trading on Tuesday. PacWest Bancorp operates as the bank holding company for Pacific Western Bank that provides banking products and services primarily in southern and western California. The company has a P/E ratio of 75.1, below the average banking industry P/E ratio of 87.6 and above the S&P 500 P/E ratio of 17.7.