NEW YORK ( TheStreet) -- The ex-dividend date for Hersha Hospitality (NYSE: HT) is tomorrow, December 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $4.84 as of 12:50 p.m. ET, the dividend yield is 4.9%. The average volume for Hersha has been one million shares per day over the past 30 days. Hersha has a market cap of $798.7 million and is part of the financial sector and real estate industry. Shares are down 26.2% year to date as of the close of trading on Tuesday. Operates as a Maryland REIT that focuses primarily on owning and operating high quality, upscale and mid-scale limited service and extended-stay hotels. Its portfolio consisted of 31 wholly-owned limited and full service properties and joint venture investments in 16 hotels as of Dec. 31, 2005.