First Midwest Stock To Go Ex-dividend Tomorrow (FMBI)

NEW YORK ( TheStreet) -- The ex-dividend date for First Midwest Bancorp (Nasdaq: FMBI) is tomorrow, June 22, 2011. Owners of shares as of market close today will be eligible for a dividend of one cent per share. At a price of $12.30 as of 10:07 a.m. ET, the dividend yield is 0.3%.

The average volume for First Midwest has been 418,300 shares per day over the past 30 days. First Midwest has a market cap of $900.4 million and is part of the financial sector and banking industry. Shares are up 5.9% year to date as of the close of trading on Monday.

First Midwest Bancorp, Inc. operates as the bank holding company for First Midwest Bank, which provides various commercial and retail banking, and financial services. It primarily engages in generating deposits and originating loans.
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TheStreet Ratings rates First Midwest as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full First Midwest Ratings Report.

See our dividend calendar or top-yielding stocks list.

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