NEW YORK ( TheStreet) -- The ex-dividend date for Federal Realty Investment (NYSE: FRT) is tomorrow, March 15, 2012. Owners of shares as of market close today will be eligible for a dividend of 69 cents per share. At a price of $97.68 as of 9:30 a.m. ET, the dividend yield is 2.9%. The average volume for Federal Realty Investment has been 496,300 shares per day over the past 30 days. Federal Realty Investment has a market cap of $5.91 billion and is part of the financial sector and real estate industry. Shares are up 7.7% year to date as of the close of trading on Tuesday. Federal Realty Investment Trust operates as a real estate investment trust, which engages in the ownership, management, development, and redevelopment of retail and mixed-use properties. The company has a P/E ratio of 48.2, above the average real estate industry P/E ratio of 40.1 and above the S&P 500 P/E ratio of 17.7.
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