PS Business Parks Stock To Go Ex-dividend Tomorrow (PSB)
The ex-dividend date for PS Business Parks (NYSE:PSB) is tomorrow, September 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 $52.15 as of 9:35 a.m., the dividend yield is 3.3%.
NEW YORK ( TheStreet) -- The ex-dividend date for PS Business Parks (NYSE: PSB) is tomorrow, September 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 $52.15 as of 9:35 a.m. ET, the dividend yield is 3.3%. The average volume for PS Business Parks has been 111,900 shares per day over the past 30 days. PS Business Parks has a market cap of $1.3 billion and is part of the financial sector and real estate industry. Shares are down 6.2% year to date as of the close of trading on Friday. PS Business Parks, Inc., a real estate investment trust (REIT), together with its subsidiaries, engages in the acquisition, development, ownership, and operation of commercial properties primarily multi-tenant flex, office, and industrial space. The company has a P/E ratio of 28.8, 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 PS Business Parks as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, impressive record of earnings per share growth and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full PS Business Parks Ratings Report. See our dividend calendar or top-yielding stocks list.