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NEW YORK ( TheStreet) -- The ex-dividend date for Urstadt Biddle Properties (NYSE: UBA) is tomorrow, October 5, 2011. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $15.35 as of 9:30 a.m. ET, the dividend yield is 6.1%. The average volume for Urstadt Biddle has been 103,200 shares per day over the past 30 days. Urstadt Biddle has a market cap of $333.6 million and is part of the financial sector and real estate industry. Shares are down 20.7% year to date as of the close of trading on Monday. Urstadt Biddle Properties, Inc., a real estate investment trust (REIT), engages in the acquisition, ownership, and management of commercial real estate properties in the United States. The company has a P/E ratio of 23.5, below the average real estate industry P/E ratio of 25 and above the S&P 500 P/E ratio of 17.7.