Cardinal Financial Stock To Go Ex-dividend Tomorrow (CFNL)

NEW YORK ( TheStreet) -- The ex-dividend date for Cardinal Financial (Nasdaq: CFNL) is tomorrow, January 31, 2012. Owners of shares as of market close today will be eligible for a dividend of 3 cents per share. At a price of $11.11 as of 9:30 a.m. ET, the dividend yield is 1.1%.

The average volume for Cardinal Financial has been 107,400 shares per day over the past 30 days. Cardinal Financial has a market cap of $321.3 million and is part of the financial sector and banking industry. Shares are up 4.3% year to date as of the close of trading on Friday.

Cardinal Financial Corporation operates as the holding company for Cardinal Bank that provides banking products and services to commercial and retail customers in Virginia and greater Washington, D.C. metropolitan area. It primarily engages in accepting deposits and originating loans. The company has a P/E ratio of 11.7, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Cardinal Financial as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Cardinal Financial Ratings Report.

See our dividend calendar or top-yielding stocks list.
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