NEW YORK ( TheStreet) -- The ex-dividend date for Astoria Financial Corporation (NYSE: AF) is tomorrow, August 11, 2011. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $9.68 as of 10:13 a.m. ET, the dividend yield is 5.2%.

The average volume for Astoria Financial has been 1.1 million shares per day over the past 30 days. Astoria Financial has a market cap of $990.4 million and is part of the financial sector and banking industry. Shares are down 24% year to date as of the close of trading on Tuesday.

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 10.7, equal to the average banking industry P/E ratio 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 growth in earnings per share, expanding profit margins, notable return on equity and increase in net income. 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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