NEW YORK ( TheStreet) -- The ex-dividend date for Northern Trust Corporation (Nasdaq: NTRS) is tomorrow, December 7, 2011. Owners of shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $39.04 as of 9:30 a.m. ET, the dividend yield is 2.9%.

The average volume for Northern Trust has been 2.3 million shares per day over the past 30 days. Northern Trust has a market cap of $9.22 billion and is part of the financial sector and banking industry. Shares are down 28.9% year to date as of the close of trading on Monday.

Northern Trust Corporation, through its subsidiaries, provides investment management, asset and fund administration, banking solutions, and fiduciary services for corporations, institutions, and affluent individuals worldwide. The company has a P/E ratio of 14.9, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Northern Trust as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in net income. 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 weak operating cash flow. You can view the full Northern Trust Ratings Report.

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