NEW YORK ( TheStreet) -- The ex-dividend date for Ramco-Gershenson Properties (NYSE: RPT) is tomorrow, December 16, 2011. Owners of shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $9.40 as of 9:30 a.m. ET, the dividend yield is 7.1%. The average volume for Ramco-Gershenson has been 254,700 shares per day over the past 30 days. Ramco-Gershenson has a market cap of $356.3 million and is part of the financial sector and real estate industry. Shares are down 26.6% year to date as of the close of trading on Wednesday. Ramco-Gershenson Properties Trust, through its subsidiaries, operates as a real estate investment trust (REIT) in the United States. It engages in the ownership, development, acquisition, management, and leasing of community shopping centers, regional malls, and single tenant retail properties. The company has a P/E ratio of 33.9, above the average real estate industry P/E ratio of 21.3 and above the S&P 500 P/E ratio of 17.7.
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