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NEW YORK ( TheStreet) -- The ex-dividend date for Apartment Investment & Management (NYSE: AIV) is tomorrow, February 16, 2012. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $24.69 as of 9:30 a.m. ET, the dividend yield is 2.9%. The average volume for Apartment Investment & Management has been two million shares per day over the past 30 days. Apartment Investment & Management has a market cap of $2.88 billion and is part of the financial sector and real estate industry. Shares are up 7.6% year to date as of the close of trading on Tuesday. Apartment Investment and Management Company (AIMCO) is a real estate investment manager. The firm engages in the acquisition, ownership, management, and redevelopment of apartment properties. It invests in real estate markets of United States. The firm primarily invests in apartment properties.