NEW YORK ( TheStreet) -- The ex-dividend date for First Midwest Bancorp (Nasdaq: FMBI) is tomorrow, December 14, 2011. Owners of shares as of market close today will be eligible for a dividend of one cent per share. At a price of $9.79 as of 10:09 a.m. ET, the dividend yield is 0.4%.

The average volume for First Midwest has been 715,400 shares per day over the past 30 days. First Midwest has a market cap of $730.8 million and is part of the financial sector and banking industry. Shares are down 14.8% year to date as of the close of trading on Monday.

First Midwest Bancorp, Inc. operates as the holding company for First Midwest Bank, which provides various commercial and retail banking services to consumer, commercial and industrial, and public or governmental customers in Illinois.

TheStreet Ratings rates First Midwest as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, expanding profit margins and notable return on equity. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full First Midwest Ratings Report.

See our dividend calendar or top-yielding stocks list.

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