First Commonwealth Financial Stock To Go Ex-dividend Tomorrow (FCF)
The ex-dividend date for First Commonwealth Financial (NYSE:FCF) is tomorrow, May 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $6.44 as of 9:30 a.m., the dividend yield is 3%.
NEW YORK ( TheStreet) -- The ex-dividend date for First Commonwealth Financial (NYSE: FCF) is tomorrow, May 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $6.44 as of 9:30 a.m. ET, the dividend yield is 3%. The average volume for First Commonwealth Financial has been 594,600 shares per day over the past 30 days. First Commonwealth Financial has a market cap of $691 million and is part of the financial sector and banking industry. Shares are up 22.2% year to date as of the close of trading on Monday. First Commonwealth Financial Corporation operates as the holding company for First Commonwealth Bank that provides consumer and commercial banking services to individuals and small and mid-sized businesses in central and western Pennsylvania. The company has a P/E ratio of 31.3, below the average banking industry P/E ratio of 43.9 and above the S&P 500 P/E ratio of 17.7.
In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The officers and directors of a company tend to have a unique insider's view of the business, and presumably the only reason an insider would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both.