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NEW YORK ( TheStreet) -- The ex-dividend date for CommonWealth REIT (NYSE: CWH) is tomorrow, October 19, 2011. Owners of shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $18.46 as of 9:31 a.m. ET, the dividend yield is 10.6%. The average volume for CommonWealth REIT has been 770,700 shares per day over the past 30 days. CommonWealth REIT has a market cap of $1.6 billion and is part of the financial sector and real estate industry. Shares are down 28% year to date as of the close of trading on Monday. CommonWealth REIT operates as a real estate investment trust (REIT) in the United States. The company engages in the ownership and operation of real estate properties. Its property portfolio includes office buildings, industrial buildings, and leased industrial land. The company has a P/E ratio of 54, above the average real estate industry P/E ratio of 12.4 and above the S&P 500 P/E ratio of 17.7.