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NEW YORK ( TheStreet) -- The ex-dividend date for Oritani Financial (Nasdaq: ORIT) is tomorrow, May 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $14.80 as of 9:30 a.m. ET, the dividend yield is 4%. The average volume for Oritani Financial has been 313,700 shares per day over the past 30 days. Oritani Financial has a market cap of $685.9 million and is part of the financial sector and banking industry. Shares are up 16.1% year to date as of the close of trading on Monday. Oritani Financial Corp. operates as the holding company for Oritani Bank that provides retail and commercial banking services to individual and business customers in New Jersey. The company has a P/E ratio of 25.6, above the average banking industry P/E ratio of 22.5 and above the S&P 500 P/E ratio of 17.7.