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NEW YORK ( TheStreet) -- The ex-dividend date for Plum Creek Timber Co Inc (NYSE: PCL) is tomorrow, November 10, 2011. Owners of shares as of market close today will be eligible for a dividend of 42 cents per share. At a price of $36.88 as of 9:51 a.m. ET, the dividend yield is 4.5%. The average volume for Plum Creek Timber Co has been 1.9 million shares per day over the past 30 days. Plum Creek Timber Co has a market cap of $6 billion and is part of the financial sector and real estate industry. Shares are down 0.5% year to date as of the close of trading on Tuesday. Plum Creek Timber Company, Inc. is a publicly owned real estate investment trust (REIT). The trust owns and manages timberlands in the United States. Its products include lumber products, plywood, medium density fiberboard, and related by-products, such as wood chips. The company has a P/E ratio of 31.9, above the average real estate industry P/E ratio of 31.6 and above the S&P 500 P/E ratio of 17.7.