NEW YORK ( TheStreet) -- The ex-dividend date for TCF Financial Corporation (NYSE: TCB) is tomorrow, October 26, 2011. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $11.11 as of 9:31 a.m. ET, the dividend yield is 1.8%. The average volume for TCF Financial has been 2.1 million shares per day over the past 30 days. TCF Financial has a market cap of $1.8 billion and is part of the financial sector and banking industry. Shares are down 23.4% year to date as of the close of trading on Monday. TCF Financial Corporation operates as the bank holding company for TCF National Bank that provides various retail and commercial banking products and services in the United States and Canada. The company has a P/E ratio of 13.9, 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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