NEW YORK (
) -- The ex-dividend date for
) is tomorrow, September 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $33.93 as of 10 a.m. ET, the dividend yield is 5.2%.
The average volume for Realty Income has been one million shares per day over the past 30 days. Realty Income has a market cap of $4.3 billion and is part of the
industry. Shares are down 0.7% year to date as of the close of trading on Tuesday.
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 34.5, below the average real estate industry P/E ratio of 34.9 and above the S&P 500 P/E ratio of 17.7.
- Practice your dividend trading strategies and win cash in our stock game.
TheStreet Ratings rates Realty Income as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full