) -- The ex-dividend date for

Getty Realty Corporation



) is tomorrow, March 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 48 cents per share. At a price of $23.17 as of 9:30 a.m. ET, the dividend yield is 8.5%.

The average volume for Getty has been 450,200 shares per day over the past 30 days. Getty has a market cap of $757.4 million and is part of the


sector and

real estate

industry. Shares are down 26.3% year to date as of the close of trading on Friday.

Owns and leases retail motor fuel and convenience store properties and petroleum distribution terminals. As of Dec. Thirty-one, 2005, the company owned 814 properties and leased 241 additional properties in 13 states located principally in the Northeast. The company has a P/E ratio of 12.7, above the average real estate industry P/E ratio of 12.3 and below the S&P 500 P/E ratio of 16.2.

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TheStreet Ratings rates Getty as buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full

Getty Ratings Report


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