Lexington Stock To Go Ex-dividend Tomorrow (LXP)

NEW YORK ( TheStreet) -- The ex-dividend date for Lexington Realty (NYSE: LXP) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $9.14 as of 9:30 a.m. ET, the dividend yield is 5.7%.

The average volume for Lexington has been 1.2 million shares per day over the past 30 days. Lexington has a market cap of $1.27 billion and is part of the financial sector and real estate industry. Shares are up 17.6% year to date as of the close of trading on Monday.

Lexington Corporate Properties Trust operates as a self-managed and self-administered real estate investment trust (REIT). The company acquires, owns, and manages a portfolio of office, industrial, and retail properties net-leased to corporate tenants in the United States.

TheStreet Ratings rates Lexington as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and a generally disappointing performance in the stock itself. You can view the full Lexington Ratings Report.

See our dividend calendar or top-yielding stocks list.

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