The ex-dividend date for Brookline Bancorp (Nasdaq:BRKL) is tomorrow, February 8, 2012. Owners of shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $9.50 as of 9:30 a.m., the dividend yield is 3.5%.
NEW YORK ( TheStreet) -- The ex-dividend date for Brookline Bancorp (Nasdaq: BRKL) is tomorrow, February 8, 2012. Owners of shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $9.50 as of 9:30 a.m. ET, the dividend yield is 3.5%. The average volume for Brookline has been 376,900 shares per day over the past 30 days. Brookline has a market cap of $545.3 million and is part of the financial sector and banking industry. Shares are up 15.5% year to date as of the close of trading on Monday. Brookline Bancorp, Inc. operates as the holding company for Brookline Bank that provides various banking products and services. The company has a P/E ratio of 19.9, below the average banking industry P/E ratio of 20 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Brookline as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Brookline Ratings Report. See our dividend calendar or top-yielding stocks list.
Looking at the universe of stocks we cover at Dividend Channel, on 2/11/15, Brookline Bancorp Inc will trade ex-dividend, for its quarterly dividend of $0.085, payable on 2/27/15. As a percentage of BRKL's recent stock price of $9.91, this dividend works out to approximately 0.86%, so look for shares of Brookline Bancorp Inc to trade 0.86% lower — all else being equal — when BRKL shares open for trading on 2/11/15.