NEW YORK ( TheStreet) -- The ex-dividend date for Highwoods Properties Inc (NYSE: HIW) is tomorrow, May 19, 2011. Owners of shares as of market close today will be eligible for a dividend of 42 cents per share. At a price of $35.60 as of 9:31 a.m. ET, the dividend yield is 4.8%. The average volume for Highwoods has been 740,000 shares per day over the past 30 days. Highwoods has a market cap of $2.6 billion and is part of the financial sector and real estate industry. Shares are up 12% year to date as of the close of trading on Tuesday. Highwoods Properties, Inc. is a real estate investment trust. The trust engages in leasing, management, development, construction, and other customer-related services for its properties and for third parties. It invests in the real estate markets of United States. The company has a P/E ratio of 40.9, below the average real estate industry P/E ratio of 48.7 and above the S&P 500 P/E ratio of 17.7.
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