Provident Financial Services Stock To Go Ex-dividend Tomorrow (PFS)

NEW YORK ( TheStreet) -- The ex-dividend date for Provident Financial Services (NYSE: PFS) is tomorrow, May 11, 2012. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $14.69 as of 9:30 a.m. ET, the dividend yield is 3.6%.

The average volume for Provident Financial Services has been 226,700 shares per day over the past 30 days. Provident Financial Services has a market cap of $888.7 million and is part of the financial sector and banking industry. Shares are up 8.7% year to date as of the close of trading on Wednesday.

Provident Financial Services, Inc. operates as the holding company for The Provident Bank that provides banking services to individuals, families, and businesses in New Jersey. The company has a P/E ratio of 13.3, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Provident Financial Services as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, attractive valuation levels, expanding profit margins, good cash flow from operations and notable return on equity. 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 Provident Financial Services Ratings Report.

See our dividend calendar or top-yielding stocks list.

null

More from Markets

Baidu Stock Plummets After COO Qi Lu Resignation

Baidu Stock Plummets After COO Qi Lu Resignation

Wondering What Blockchain Technology Really Is? This Expert Explains It All

Wondering What Blockchain Technology Really Is? This Expert Explains It All

Dow Rises Sharply as U.S.-China Trade Tensions Thaw

Dow Rises Sharply as U.S.-China Trade Tensions Thaw

GE Confirms $11.1 Billion Transportation Merger With Wabtec

GE Confirms $11.1 Billion Transportation Merger With Wabtec

Gold Prices Look 'Rich' at Current Levels - Here's What Could Change That

Gold Prices Look 'Rich' at Current Levels - Here's What Could Change That