Northern Trust Stock To Go Ex-dividend Tomorrow (NTRS)

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 Northern Trust Corporation (Nasdaq: NTRS) is tomorrow, September 5, 2012. Owners of shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $46.46 as of 9:30 a.m. ET, the dividend yield is 2.6%.

The average volume for Northern Trust has been 1.1 million shares per day over the past 30 days. Northern Trust has a market cap of $11.17 billion and is part of the financial sector and banking industry. Shares are up 17.1% year to date as of the close of trading on Friday.

Northern Trust Corporation, through its subsidiaries, provides asset servicing, fund administration, asset management, and fiduciary and banking solutions for corporations, institutions, families, and individuals worldwide. The company has a P/E ratio of 17.7, equal to the average banking industry P/E ratio and equal to the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Northern Trust as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, expanding profit margins, solid stock price performance, growth in earnings per share and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Northern Trust Ratings Report.

See our dividend calendar or top-yielding stocks list.

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