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NEW YORK ( TheStreet) -- The ex-dividend date for Piedmont Office Realty (NYSE: PDM) is tomorrow, November 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 32 cents per share. At a price of $16.48 as of 9:30 a.m. ET, the dividend yield is 7.9%. The average volume for Piedmont Office has been 1.3 million shares per day over the past 30 days. Piedmont Office has a market cap of $2.87 billion and is part of the financial sector and real estate industry. Shares are down 20.5% year to date as of the close of trading on Friday. Piedmont Office Realty Trust, Inc. engages in the acquisition and ownership of commercial real estate properties in the United States. Its property portfolio primarily consists of office and industrial buildings, warehouses, and manufacturing facilities. The company has a P/E ratio of 25.4, above the average real estate industry P/E ratio of 21.6 and above the S&P 500 P/E ratio of 17.7.