Glimcher Stock To Go Ex-dividend Tomorrow (GRT)

NEW YORK (TheStreet) -- The ex-dividend date for Glimcher Realty (NYSE:GRT) is tomorrow, June 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $9.72 as of 9:30 a.m. ET, the dividend yield is 4.1%.

The average volume for Glimcher has been 1.4 million shares per day over the past 30 days. Glimcher has a market cap of $1.36 billion and is part of the financial sector and real estate industry. Shares are up 5.5% year to date as of the close of trading on Monday.

Glimcher Realty Trust operates as a real estate investment trust (REIT) in the United States. It owns, leases, acquires, develops, and operates a portfolio of retail properties, including regional and super regional malls, as well as community shopping centers.

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TheStreet Ratings rates Glimcher as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, disappointing return on equity and poor profit margins. You can view the full Glimcher Ratings Report.

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