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NEW YORK ( TheStreet) -- The ex-dividend date for CBL & Associates Properties (NYSE: CBL) 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 $19.05 as of 9:30 a.m. ET, the dividend yield is 4.7%. The average volume for CBL & Associates has been 2.1 million shares per day over the past 30 days. CBL & Associates has a market cap of $2.49 billion and is part of the financial sector and real estate industry. Shares are up 21.1% year to date as of the close of trading on Monday. CBL & Associates Properties, Inc. is a public real estate investment trust. It engages in acquisition, development, and management of properties. The fund invests in the real estate markets of United States. Its portfolio consists of enclosed malls and open-air centers. The company has a P/E ratio of 40.6, below the average real estate industry P/E ratio of 67.2 and above the S&P 500 P/E ratio of 17.7.