Government Properties Income Stock To Go Ex-dividend Tomorrow (GOV)

NEW YORK ( TheStreet) -- The ex-dividend date for Government Properties Income (NYSE: GOV) is tomorrow, January 24, 2012. Owners of shares as of market close today will be eligible for a dividend of 42 cents per share. At a price of $24.11 as of 9:30 a.m. ET, the dividend yield is 7%.

The average volume for Government Properties Income has been 314,300 shares per day over the past 30 days. Government Properties Income has a market cap of $1.05 billion and is part of the financial sector and real estate industry. Shares are up 6.9% year to date as of the close of trading on Friday.

Government Properties Income Trust operates as a real estate investment trust (REIT) in the United States. It primarily owns and leases office buildings that are leased mainly to government tenants. The company has a P/E ratio of 25.6, above the average real estate industry P/E ratio of 24.1 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Government Properties Income as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins. You can view the full Government Properties Income Ratings Report.

See our dividend calendar or top-yielding stocks list.