Realty Income Stock To Go Ex-dividend Tomorrow (O) - TheStreet

NEW YORK (

TheStreet

) -- The ex-dividend date for

Realty Income Corporation

(NYSE:

O

) is tomorrow, March 29, 2012. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $38.76 as of 9:30 a.m. ET, the dividend yield is 4.5%.

The average volume for Realty Income has been 837,900 shares per day over the past 30 days. Realty Income has a market cap of $4.78 billion and is part of the

financial

sector and

real estate

industry. Shares are up 10.9% 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 36.7, above the average real estate industry P/E ratio of 36.3 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Realty Income as a

buy

. 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, solid stock price performance, growth in earnings per share and good cash flow from operations. 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

Realty Income Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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