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NEW YORK ( TheStreet) -- The ex-dividend date for LTC Properties (NYSE: LTC) is tomorrow, October 19, 2011. Owners of shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $25.93 as of 9:30 a.m. ET, the dividend yield is 6.4%. The average volume for LTC has been 230,500 shares per day over the past 30 days. LTC has a market cap of $800.7 million and is part of the financial sector and real estate industry. Shares are down 7.8% year to date as of the close of trading on Monday. LTC Properties, Inc. operates as a health care real estate investment trust (REIT) in the United States. The company has a P/E ratio of 22.8, above the average real estate industry P/E ratio of 22.4 and above the S&P 500 P/E ratio of 17.7.