Northern Trust Stock To Go Ex-dividend Tomorrow (NTRS)

NEW YORK ( TheStreet) -- The ex-dividend date for Northern Trust Corporation (Nasdaq: NTRS) is tomorrow, March 7, 2012. Owners of shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $43.80 as of 9:30 a.m. ET, the dividend yield is 2.5%.

The average volume for Northern Trust has been 1.8 million shares per day over the past 30 days. Northern Trust has a market cap of $10.31 billion and is part of the financial sector and banking industry. Shares are up 11.8% 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 18.2, above the average banking industry P/E ratio of 17.3 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Northern Trust as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Northern Trust Ratings Report.

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