CapLease Stock To Go Ex-dividend Tomorrow (LSE)

NEW YORK ( TheStreet) -- The ex-dividend date for CapLease Incorporated (NYSE: LSE) is tomorrow, June 28, 2011. Owners of shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $4.97 as of 9:30 a.m. ET, the dividend yield is 5.2%.

The average volume for CapLease has been 425,700 shares per day over the past 30 days. CapLease has a market cap of $341.6 million and is part of the financial sector and real estate industry. Shares are down 13.9% year to date as of the close of trading on Friday.

CapLease, Inc. operates as a real estate investment trust (REIT), focused on financing and investing in commercial real estate that is net leased primarily to single tenants with investment grade or near investment grade credit ratings.
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TheStreet Ratings rates CapLease as a sell. The company's weaknesses can be seen in multiple areas, such as its generally weak debt management, disappointing return on equity and weak operating cash flow. You can view the full CapLease Ratings Report.

See our dividend calendar or top-yielding stocks list.

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