NEW YORK ( TheStreet) -- The ex-dividend date for PS Business Parks (NYSE: PSB) is Monday, December 12, 2011. Owners of shares as of market close today will be eligible for a dividend of 44 cents per share. At a price of $53.79 as of 9:31 a.m. ET, the dividend yield is 3.2%. The average volume for PS Business Parks has been 111,000 shares per day over the past 30 days. PS Business Parks has a market cap of $1.34 billion and is part of the financial sector and real estate industry. Shares are down 3.9% year to date as of the close of trading on Thursday. PS Business Parks, Inc., a real estate investment trust (REIT), together with its subsidiaries, engages in the acquisition, development, ownership, and operation of commercial properties primarily multi-tenant flex, office, and industrial space. The company has a P/E ratio of 27.7, above the average real estate industry P/E ratio of 26.5 and above the S&P 500 P/E ratio of 17.7.
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