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NEW YORK ( TheStreet) -- The ex-dividend date for CBL & Associates Properties (NYSE: CBL) is tomorrow, September 28, 2011. Owners of shares as of market close today will be eligible for a dividend of 21 cents per share. At a price of $12.96 as of 9:30 a.m. ET, the dividend yield is 6.6%. The average volume for CBL & Associates has been 1.9 million shares per day over the past 30 days. CBL & Associates has a market cap of $1.9 billion and is part of the financial sector and real estate industry. Shares are down 27.5% year to date as of the close of trading on Monday. CBL & Associates Properties, Inc. is a public real estate investment trust. It engages in acquisition, development, and management of properties. The fund invests in the real estate markets of United States. Its portfolio consists of enclosed malls and open-air centers. The company has a P/E ratio of 57.6, above the average real estate industry P/E ratio of 25.4 and above the S&P 500 P/E ratio of 17.7.