The ex-dividend date for East West Bancorp (Nasdaq:EWBC) is tomorrow, May 8, 2012. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $22.10 as of 9:30 a.m., the dividend yield is 1.8%.
NEW YORK ( TheStreet) -- The ex-dividend date for East West Bancorp (Nasdaq: EWBC) is tomorrow, May 8, 2012. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $22.10 as of 9:30 a.m. ET, the dividend yield is 1.8%. The average volume for East West has been 970,700 shares per day over the past 30 days. East West has a market cap of $3.29 billion and is part of the financial sector and banking industry. Shares are up 12.6% year to date as of the close of trading on Friday. East West Bancorp, Inc. operates as the holding company for East West Bank, which provides a range of personal and commercial banking services to small and medium-sized businesses, business executives, professionals, and other individuals in California. The company has a P/E ratio of 13.5, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates East West as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, impressive record of earnings per share growth, compelling growth in net income and increase in stock price during the past year. 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 East West Ratings Report. See our dividend calendar or top-yielding stocks list.