Bank Of America Stock To Go Ex-dividend Tomorrow (BAC)

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 Bank of America Corporation (NYSE: BAC) is tomorrow, February 27, 2013. Owners of shares as of market close today will be eligible for a dividend of one cent per share. At a price of $11.10 as of 9:31 a.m. ET, the dividend yield is 0.3%.

The average volume for Bank of America has been 165.2 million shares per day over the past 30 days. Bank of America has a market cap of $123.3 billion and is part of the financial sector and banking industry. Shares are down 1.5% year to date as of the close of trading on Monday.

Bank of America Corporation, through its subsidiaries, provides various banking and financial products and services to individual consumers, small-and middle-market businesses, institutional investors, corporations, and governments in the United States and internationally. The company has a P/E ratio of 45.8, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Bank of America as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins, notable return on equity and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and generally higher debt management risk. You can view the full Bank of America Ratings Report.

See our dividend calendar or top-yielding stocks list.

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