City Stock To Go Ex-dividend Monday (CYN)

NEW YORK ( TheStreet) -- The ex-dividend date for City National (NYSE: CYN) is Monday, April 30, 2012. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $53.76 as of 9:34 a.m. ET, the dividend yield is 1.9%.

The average volume for City has been 478,600 shares per day over the past 30 days. City has a market cap of $2.83 billion and is part of the financial sector and banking industry. Shares are up 20.4% year to date as of the close of trading on Thursday.

City National Corporation operates as the bank holding company for City National Bank that provides various banking, investing, and trust services to small to mid-sized businesses, entrepreneurs, professionals, and affluent individuals. The company has a P/E ratio of 16, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates City as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, compelling growth 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 City Ratings Report.

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