Douglas Emmett Stock To Go Ex-dividend Tomorrow (DEI)
The ex-dividend date for Douglas Emmett (NYSE:DEI) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $22.75 as of 9:30 a.m., the dividend yield is 2.7%.
NEW YORK ( TheStreet) -- The ex-dividend date for Douglas Emmett (NYSE: DEI) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $22.75 as of 9:30 a.m. ET, the dividend yield is 2.7%. The average volume for Douglas Emmett has been 1.6 million shares per day over the past 30 days. Douglas Emmett has a market cap of $2.6 billion and is part of the financial sector and real estate industry. Shares are up 24.3% year to date as of the close of trading on Monday. Douglas Emmett, Inc., a real estate investment trust, owns and operates office and multifamily properties in California and Hawaii. As of December 31, 2007, the company's office portfolio consisted of 48 properties and multifamily portfolio consisted of nine properties. The company has a P/E ratio of 2229, above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Douglas Emmett as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, weak operating cash flow and poor profit margins. You can view the full Douglas Emmett Ratings Report. See our dividend calendar or top-yielding stocks list.