NEW YORK ( TheStreet) -- The ex-dividend date for Mid-America Apartment Communities (NYSE: MAA) is tomorrow, January 11, 2012. Owners of shares as of market close today will be eligible for a dividend of 66 cents per share. At a price of $61.81 as of 9:30 a.m. ET, the dividend yield is 4.2%. The average volume for Mid-America Apartment has been 409,400 shares per day over the past 30 days. Mid-America Apartment has a market cap of $2.37 billion and is part of the financial sector and real estate industry. Shares are down 2% year to date as of the close of trading on Monday. Mid-America Apartment Communities, Inc., a real estate investment trust (REIT), engages in acquiring, owning, and operating apartment communities primarily in the Sunbelt region of the United States. The company has a P/E ratio of 70.5, above the average real estate industry P/E ratio of 62.1 and above the S&P 500 P/E ratio of 17.7.
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