The ex-dividend date for Digital Realty (NYSE:DLR) is tomorrow, March 11, 2011. Owners of shares as of market close today will be eligible for a dividend of 68 cents per share. At a price of $56.25 as of 10:21 a.m., the dividend yield is 4.8%.
NEW YORK ( TheStreet) -- The ex-dividend date for Digital Realty (NYSE: DLR) is tomorrow, March 11, 2011. Owners of shares as of market close today will be eligible for a dividend of 68 cents per share. At a price of $56.25 as of 10:21 a.m. ET, the dividend yield is 4.8%. The average volume for Digital has been 1.4 million shares per day over the past 30 days. Digital has a market cap of $5.2 billion and is part of the financial sector and real estate industry. Shares are up 10.3% year to date as of the close of trading on Wednesday. Digital Realty Trust, Inc., a real estate investment trust (REIT), through its controlling interest in Digital Realty Trust, L.P., engages in the ownership, acquisition, development, redevelopment, and management of technology-related real estate. The company has a P/E ratio of 84.1, equal to the average real estate industry P/E ratio and above the S&P 500 P/E ratio of 17.5. TheStreet Ratings rates Digital as buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures, notable return on equity and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Digital Ratings Report. See our dividend calendar or top-yielding stocks list.