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NEW YORK ( TheStreet) -- The ex-dividend date for Equity Residential (NYSE: EQR) is tomorrow, March 21, 2012. Owners of shares as of market close today will be eligible for a dividend of 34 cents per share. At a price of $60.61 as of 9:35 a.m. ET, the dividend yield is 2.3%. The average volume for Equity has been 2.3 million shares per day over the past 30 days. Equity has a market cap of $16.79 billion and is part of the financial sector and real estate industry. Shares are up 7% year to date as of the close of trading on Monday. Equity Residential, a real estate investment trust (REIT), engages in the acquisition, development, and management of multifamily properties in the United States. The company has a P/E ratio of 272.6, above the S&P 500 P/E ratio of 17.7.