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NEW YORK ( TheStreet) -- The ex-dividend date for Taubman Centers (NYSE: TCO) is tomorrow, March 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 46 cents per share. At a price of $69.45 as of 9:30 a.m. ET, the dividend yield is 2.7%. The average volume for Taubman Centers has been 628,700 shares per day over the past 30 days. Taubman Centers has a market cap of $3.81 billion and is part of the financial sector and real estate industry. Shares are up 11.8% year to date as of the close of trading on Friday. Taubman Centers, Inc. operates as a real estate investment trust. As of June 30, 2005, the company owned a 63% managing general partner's interest in The Taubman Realty Group Limited Partnership (the operating partnership). The company has a P/E ratio of 53.8, below the average real estate industry P/E ratio of 60.8 and above the S&P 500 P/E ratio of 17.7.