Prosperity Stock To Go Ex-dividend Tomorrow (PB)

NEW YORK ( TheStreet) -- The ex-dividend date for Prosperity (NYSE: PB) is tomorrow, March 15, 2012. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $45.85 as of 9:30 a.m. ET, the dividend yield is 1.7%.

The average volume for Prosperity has been 294,400 shares per day over the past 30 days. Prosperity has a market cap of $1.99 billion and is part of the financial sector and banking industry. Shares are up 10.6% year to date as of the close of trading on Tuesday.

Prosperity Bancshares, Inc. operates as the holding company for Prosperity Bank that provides a range of financial products and services to small and medium-sized businesses, and consumers in Texas. The company has a P/E ratio of 14.8, above the average banking industry P/E ratio of 14.1 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Prosperity as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, expanding profit margins, good cash flow from operations and notable return on equity. 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 Prosperity Ratings Report.

See our dividend calendar or top-yielding stocks list.
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