The ex-dividend date for Post Properties (NYSE:PPS) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $46.04 as of 9:30 a.m., the dividend yield is 1.9%.
NEW YORK ( TheStreet) -- The ex-dividend date for Post Properties (NYSE: PPS) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $46.04 as of 9:30 a.m. ET, the dividend yield is 1.9%. The average volume for Post has been 705,200 shares per day over the past 30 days. Post has a market cap of $2.23 billion and is part of the financial sector and real estate industry. Shares are up 5.3% year to date as of the close of trading on Monday. Post Properties, Inc., a real estate investments trust (REIT), together with its subsidiaries, engages in the development, ownership, and management of multifamily apartment communities in the United States. The company has a P/E ratio of 118.8, below the average real estate industry P/E ratio of 119.3 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Post as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Post Ratings Report. See our dividend calendar or top-yielding stocks list.