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NEW YORK ( TheStreet) -- The ex-dividend date for Public Storage (NYSE: PSA) is Monday, March 12, 2012. Owners of shares as of market close today will be eligible for a dividend of $1.10 per share. At a price of $129.61 as of 9:30 a.m. ET, the dividend yield is 3.4%. The average volume for Public has been 854,600 shares per day over the past 30 days. Public has a market cap of $23.2 billion and is part of the financial sector and real estate industry. Shares are down 3.8% year to date as of the close of trading on Thursday. Public Storage operates as a real estate investment trust (REIT). It engages in the acquisition, development, ownership, and operation of self-storage facilities in the United States and Europe. The company has a P/E ratio of 40, below the average real estate industry P/E ratio of 44.6 and above the S&P 500 P/E ratio of 17.7.