NEW YORK (
) -- The ex-dividend date for
Realty Income Corporation
) is tomorrow, March 30, 2011. Owners of shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $34.60 as of 9:31 a.m. ET, the dividend yield is 5%.
The average volume for Realty Income has been 793,000 shares per day over the past 30 days. Realty Income has a market cap of $4.1 billion and is part of the
industry. Shares are up 1.3% year to date as of the close of trading on Monday.
Realty Income Corporation engages in the acquisition and ownership of commercial retail real estate properties in the United States. The company leases its retail properties primarily to regional and national retail chain store operators. The company has a P/E ratio of 37.6, equal to the average real estate industry P/E ratio and above the S&P 500 P/E ratio of 16.2.
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TheStreet Ratings rates Realty Income as buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full