The ex-dividend date for Sterling Bancorp (NYSE:STL) is tomorrow, September 13, 2011. Owners of shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $7.37 as of 9:33 a.m., the dividend yield is 4.7%.
NEW YORK ( TheStreet) -- The ex-dividend date for Sterling Bancorp (NYSE: STL) is tomorrow, September 13, 2011. Owners of shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $7.37 as of 9:33 a.m. ET, the dividend yield is 4.7%. The average volume for Sterling has been 105,700 shares per day over the past 30 days. Sterling has a market cap of $237.8 million and is part of the financial sector and banking industry. Shares are down 28.3% year to date as of the close of trading on Friday. Sterling Bancorp operates as a bank holding company for Sterling National Bank that provides a range of banking and financial products and services in the Untied States primarily in New York, New Jersey, and Connecticut. The company has a P/E ratio of 40.5, above the average banking industry P/E ratio of 35 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Sterling as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and feeble growth in the company's earnings per share. You can view the full Sterling Ratings Report. See our dividend calendar or top-yielding stocks list.