First Midwest Stock To Go Ex-dividend Tomorrow (FMBI)

NEW YORK ( TheStreet) -- The ex-dividend date for First Midwest Bancorp (Nasdaq: FMBI) is tomorrow, March 21, 2012. Owners of shares as of market close today will be eligible for a dividend of one cent per share. At a price of $12.49 as of 9:30 a.m. ET, the dividend yield is 0.3%.

The average volume for First Midwest has been 522,900 shares per day over the past 30 days. First Midwest has a market cap of $831.3 million and is part of the financial sector and banking industry. Shares are up 24.6% year to date as of the close of trading on Monday.

First Midwest Bancorp, Inc. operates as the holding company for First Midwest Bank, which provides various commercial and retail banking services to consumer, commercial and industrial, and public or governmental customers in Illinois. The company has a P/E ratio of 35.7, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates First Midwest as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full First Midwest Ratings Report.

See our dividend calendar or top-yielding stocks list.