Government Properties Income Stock To Go Ex-dividend Tomorrow (GOV)
The ex-dividend date for Government Properties Income (NYSE:GOV) is tomorrow, October 25, 2011. Owners of shares as of market close today will be eligible for a dividend of 42 cents per share. At a price of $23.39 as of 9:30 a.m., the dividend yield is 7.4%.
NEW YORK ( TheStreet) -- The ex-dividend date for Government Properties Income (NYSE: GOV) is tomorrow, October 25, 2011. Owners of shares as of market close today will be eligible for a dividend of 42 cents per share. At a price of $23.39 as of 9:30 a.m. ET, the dividend yield is 7.4%. The average volume for Government Properties Income has been 452,600 shares per day over the past 30 days. Government Properties Income has a market cap of $1.1 billion and is part of the financial sector and real estate industry. Shares are down 15.1% year to date as of the close of trading on Friday. Government Properties Income Trust operates as a real estate investment trust (REIT) in the United States. It primarily owns and leases office buildings that are leased mainly to government tenants. The company has a P/E ratio of 26.8, equal to the average real estate industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Government Properties Income as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and a generally disappointing performance in the stock itself. You can view the full Government Properties Income Ratings Report. See our dividend calendar or top-yielding stocks list.