NEW YORK ( TheStreet) -- The ex-dividend date for Rait Financial (NYSE: RAS) is tomorrow, October 5, 2011. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $3.11 as of 9:30 a.m. ET, the dividend yield is 7.1%. The average volume for Rait Financial has been 1.2 million shares per day over the past 30 days. Rait Financial has a market cap of $130.3 million and is part of the financial sector and real estate industry. Shares are up 42.5% year to date as of the close of trading on Monday. RAIT Financial Trust operates as a self-managed and self-advised real estate investment trust (REIT). The company, through its subsidiaries, invests in, manages, and services real estate-related assets with a focus on commercial real estate. The company has a P/E ratio of 3.6, above the average real estate industry P/E ratio of 3.5 and below the S&P 500 P/E ratio of 17.7.
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