NEW YORK ( TheStreet) -- The ex-dividend date for Taubman Centers (NYSE: TCO) is Monday, June 13, 2011. Owners of shares as of market close today will be eligible for a dividend of 44 cents per share. At a price of $58.11 as of 9:31 a.m. ET, the dividend yield is 3%.

The average volume for Taubman Centers has been 402,100 shares per day over the past 30 days. Taubman Centers has a market cap of $3.3 billion and is part of the financial sector and real estate industry. Shares are up 15.6% year to date as of the close of trading on Thursday.

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 62.6, equal to the average real estate industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Taubman Centers as a 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, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. You can view the full Taubman Centers Ratings Report.

See our dividend calendar or top-yielding stocks list.

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