SunTrust Banks Stock To Go Ex-dividend Tomorrow (STI)

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 SunTrust Banks (NYSE: STI) is tomorrow, May 29, 2013. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $32.44 as of 9:30 a.m. ET, the dividend yield is 1.3%.

The average volume for SunTrust Banks has been 4.9 million shares per day over the past 30 days. SunTrust Banks has a market cap of $17.25 billion and is part of the financial sector and banking industry. Shares are up 12.7% year to date as of the close of trading on Friday.

SunTrust Banks, Inc. operates as the holding company for SunTrust Bank that provides various financial services in the United States. The company operates in three segments: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking. The company has a P/E ratio of 8.4, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates SunTrust Banks as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, attractive valuation levels, good cash flow from operations and expanding profit margins. 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 SunTrust Banks Ratings Report.

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