NEW YORK ( TheStreet) -- The ex-dividend date for Taubman Centers (NYSE: TCO) is tomorrow, March 11, 2011. Owners of shares as of market close today will be eligible for a dividend of 44 cents per share. At a price of $52.40 as of 10:21 a.m. ET, the dividend yield is 3.3%.

The average volume for Taubman Centers has been 940,400 shares per day over the past 30 days. Taubman Centers has a market cap of $3 billion and is part of the financial sector and real estate industry. Shares are up 4.8% year to date as of the close of trading on Wednesday.

Taubman Centers, Inc. operates as a real estate investment trust. As of June 30, 2005, the company owned a 63% managing general partner's interest in The Taubman Realty Group Limited Partnership (the operating partnership). The company has a P/E ratio of 62.3, 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 Taubman Centers as hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, revenue growth and compelling growth in net income. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. You can view the full Taubman Centers Ratings Report.

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