NEW YORK ( TheStreet) -- The ex-dividend date for Taubman Centers (NYSE: TCO) is tomorrow, September 14, 2011. Owners of shares as of market close today will be eligible for a dividend of 44 cents per share. At a price of $56.64 as of 9:30 a.m. ET, the dividend yield is 3.1%.

The average volume for Taubman Centers has been 647,100 shares per day over the past 30 days. Taubman Centers has a market cap of $3.2 billion and is part of the financial sector and real estate industry. Shares are up 11.7% year to date as of the close of trading on Monday.

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 58.4, below the average real estate industry P/E ratio of 59 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, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full Taubman Centers Ratings Report.

See our dividend calendar or top-yielding stocks list.

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