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NEW YORK ( TheStreet) -- The ex-dividend date for Associated Estates Realty Corp (NYSE: AEC) is tomorrow, October 12, 2011. Owners of shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $15.60 as of 9:30 a.m. ET, the dividend yield is 4.5%. The average volume for Associated Estates has been 365,300 shares per day over the past 30 days. Associated Estates has a market cap of $628 million and is part of the financial sector and real estate industry. Shares are up 2.6% year to date as of the close of trading on Monday. Engages in property acquisition, advisory, development, management, disposition, operation and ownership activities. As of Dec. 31, 2005, the company's portfolio consisted of a total of 111 properties in 11 states across the U.S.