NEW YORK ( TheStreet) -- The ex-dividend date for Trustmark Corporation (Nasdaq: TRMK) is tomorrow, May 30, 2012. Owners of shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $24.73 as of 9:30 a.m. ET, the dividend yield is 3.7%. The average volume for Trustmark has been 291,800 shares per day over the past 30 days. Trustmark has a market cap of $1.6 billion and is part of the financial sector and banking industry. Shares are up 1.5% year to date as of the close of trading on Friday. Trustmark Corporation operates as the bank holding company for Trustmark National Bank, which provides banking and financial solutions to individuals and corporate institutions in Florida, Mississippi, Tennessee, and Texas. The company has a P/E ratio of 14, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Trustmark as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Trustmark Ratings Report. See our dividend calendar or top-yielding stocks list.