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NEW YORK ( TheStreet) -- The ex-dividend date for Liberty Property (NYSE: LRY) is tomorrow, March 29, 2012. Owners of shares as of market close today will be eligible for a dividend of 48 cents per share. At a price of $35.44 as of 9:30 a.m. ET, the dividend yield is 5.4%. The average volume for Liberty Property has been 968,600 shares per day over the past 30 days. Liberty Property has a market cap of $3.93 billion and is part of the financial sector and real estate industry. Shares are up 14.6% year to date as of the close of trading on Tuesday. Liberty Property Trust is a publicly owned real estate investment holding trust. Through its subsidiary, it provides leasing, property management, development, acquisition, and other tenant-related services for a portfolio of industrial and office properties. The company has a P/E ratio of 35, above the average real estate industry P/E ratio of 21.7 and above the S&P 500 P/E ratio of 17.7.