NEW YORK ( TheStreet) -- The ex-dividend date for BanColombia (NYSE: CIB) is Monday, December 19, 2011. Owners of shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $58.24 as of 9:30 a.m. ET, the dividend yield is 2.4%.

The average volume for BanColombia has been 326,500 shares per day over the past 30 days. BanColombia has a market cap of $7.5 billion and is part of the financial sector and banking industry. Shares are down 5.7% year to date as of the close of trading on Thursday.

Bancolombia S.A. provides financial products and services to individual and corporate customers in Colombia, Panama, El Salvador, Puerto Rico, the Cayman Islands, Peru, Brazil, the United States, and Spain. The company has a P/E ratio of 11.2, below the average banking industry P/E ratio of 15.5 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates BanColombia as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, increase in stock price during the past year, growth in earnings per share and increase in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full BanColombia Ratings Report.

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