Corporate Office Stock To Go Ex-dividend Tomorrow (OFC)

NEW YORK ( TheStreet) -- The ex-dividend date for Corporate Office Properties (NYSE: OFC) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $23.39 as of 9:30 a.m. ET, the dividend yield is 4.7%.

The average volume for Corporate Office has been 776,000 shares per day over the past 30 days. Corporate Office has a market cap of $1.68 billion and is part of the financial sector and real estate industry. Shares are up 9.6% year to date as of the close of trading on Monday.

Owns, manages, leases, acquires and develops suburban office properties located in the Greater Washington DC and other markets. At Dec. 31, 2005, this self-managed real estate investment trust owned 165 operating office properties with 13.7 million rentable square feet and several land parcels.

TheStreet Ratings rates Corporate Office as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally weak debt management, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full Corporate Office Ratings Report.

See our dividend calendar or top-yielding stocks list.
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