The ex-dividend date for City National (NYSE:CYN) is Monday, October 31, 2011. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $43.78 as of 9:34 a.m., the dividend yield is 2%.
NEW YORK ( TheStreet) -- The ex-dividend date for City National (NYSE: CYN) is Monday, October 31, 2011. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $43.78 as of 9:34 a.m. ET, the dividend yield is 2%. The average volume for City has been 646,900 shares per day over the past 30 days. City has a market cap of $2.2 billion and is part of the financial sector and banking industry. Shares are down 28.1% year to date as of the close of trading on Thursday. City National Corporation operates as the bank holding company for City National Bank that provides a range of banking, investing, and trust services to small to mid-sized businesses, entrepreneurs, professionals, and affluent individuals. The company has a P/E ratio of 13, 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 City 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 find that the stock has had a generally disappointing performance in the past year. You can view the full City Ratings Report. See our dividend calendar or top-yielding stocks list.