Brookfield Office Stock To Go Ex-dividend Tomorrow (BPO)

NEW YORK ( TheStreet) -- The ex-dividend date for Brookfield Office Properties Inc (NYSE: BPO) is tomorrow, August 30, 2011. Owners of shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $16.45 as of 9:30 a.m. ET, the dividend yield is 3.5%.

The average volume for Brookfield Office has been 2.1 million shares per day over the past 30 days. Brookfield Office has a market cap of $8.1 billion and is part of the financial sector and real estate industry. Shares are down 7.9% year to date as of the close of trading on Friday.

Brookfield Properties Corporation is a publicly owned real estate investment firm. The firm engages in the ownership, development, and management of premier commercial properties. It also provides ancillary real estate service businesses, such as tenant service and amenities. The company has a P/E ratio of 4.7, above the average real estate industry P/E ratio of 4.4 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Brookfield Office as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full Brookfield Office Ratings Report.

See our dividend calendar or top-yielding stocks list.

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