The ex-dividend date for Zions (Nasdaq:ZION) is tomorrow, August 21, 2012. Owners of shares as of market close today will be eligible for a dividend of one cent per share. At a price of $19.56 as of 9:30 a.m., the dividend yield is 0.2%.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model NEW YORK ( TheStreet) -- The ex-dividend date for Zions (Nasdaq: ZION) is tomorrow, August 21, 2012. Owners of shares as of market close today will be eligible for a dividend of one cent per share. At a price of $19.56 as of 9:30 a.m. ET, the dividend yield is 0.2%. The average volume for Zions has been 2.6 million shares per day over the past 30 days. Zions has a market cap of $3.51 billion and is part of the financial sector and banking industry. Shares are up 21% year to date as of the close of trading on Friday. Zions Bancorporation, a bank and financial holding company, provides a range of banking and related services in the United States. The company has a P/E ratio of 18.7, above the average banking industry P/E ratio of 18.5 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Zions as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full Zions Ratings Report. See our dividend calendar or top-yielding stocks list.