SL Green Stock To Go Ex-dividend Tomorrow (SLG) - TheStreet

NEW YORK (

TheStreet

) -- The ex-dividend date for

SL Green Realty Corporation

(NYSE:

SLG

) is tomorrow, June 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $76.03 as of 10:04 a.m. ET, the dividend yield is 1.4%.

The average volume for SL Green has been 919,100 shares per day over the past 30 days. SL Green has a market cap of $6.68 billion and is part of the

financial

sector and

real estate

industry. Shares are up 13.6% year to date as of the close of trading on Tuesday.

SL Green Realty Corp. is a real estate investment trust (REIT). The firm engages in the property management, acquisitions, financing, development, construction, and leasing. It also provides tenant services to its clients. The firm invests in real estate markets of the United States. The company has a P/E ratio of 12.7, above the average real estate industry P/E ratio of 11.2 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates SL Green as a

hold

. 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 and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow. You can view the full

SL Green Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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