Firstmerit Stock To Go Ex-dividend Tomorrow (FMER)

NEW YORK ( TheStreet) -- The ex-dividend date for Firstmerit (Nasdaq: FMER) is tomorrow, November 23, 2011. Owners of shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $13.74 as of 9:30 a.m. ET, the dividend yield is 4.5%.

The average volume for Firstmerit has been 1.2 million shares per day over the past 30 days. Firstmerit has a market cap of $1.56 billion and is part of the financial sector and banking industry. Shares are down 30.3% year to date as of the close of trading on Monday.

FirstMerit Corporation operates as the bank holding company for FirstMerit Bank, N.A. that provides a range of banking, fiduciary, financial, insurance, and investment services to corporate, institutional, and individual customers in northern and central Ohio, and western Pennsylvania. The company has a P/E ratio of 13.3, below the average banking industry P/E ratio of 13.5 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Firstmerit as a hold. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow. You can view the full Firstmerit Ratings Report.

See our dividend calendar or top-yielding stocks list.

null

More from Markets

Carnival CEO Arnold Donald: China Will Become the Largest Cruise Market

Carnival CEO Arnold Donald: China Will Become the Largest Cruise Market

Deutsche Bank Confirms Massive Job Cuts as New CEO Christian Sewing Plants Flag

Deutsche Bank Confirms Massive Job Cuts as New CEO Christian Sewing Plants Flag

Global Stocks Slide as Trump's New Trade War Salvo Ignites Fresh Concern

Global Stocks Slide as Trump's New Trade War Salvo Ignites Fresh Concern

Automakers Slump as Trump Launches National Security Probe into US Car Imports

Automakers Slump as Trump Launches National Security Probe into US Car Imports

Trump Tariff Threat, Deutsche Bank, Elon Musk and Apple - 5 Things You Must Know

Trump Tariff Threat, Deutsche Bank, Elon Musk and Apple - 5 Things You Must Know