Taubman Centers Stock To Go Ex-dividend Tomorrow (TCO)

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.

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TheStreet Ratings rates Taubman Centers as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, solid stock price performance, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Taubman Centers Ratings Report.

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