National Retail Stock To Go Ex-dividend Tomorrow (NNN)

NEW YORK ( TheStreet) -- The ex-dividend date for National Retail Properties (NYSE: NNN) is tomorrow, April 26, 2012. Owners of shares as of market close today will be eligible for a dividend of 39 cents per share. At a price of $27.71 as of 9:30 a.m. ET, the dividend yield is 5.7%.

The average volume for National Retail has been 844,200 shares per day over the past 30 days. National Retail has a market cap of $2.9 billion and is part of the financial sector and real estate industry. Shares are up 4.2% year to date as of the close of trading on Tuesday.

National Retail Properties, Inc. is a publicly owned equity real estate investment trust. The firm acquires, owns, manages, and develops retail properties in the United States. The company has a P/E ratio of 28.7, above the average real estate industry P/E ratio of 28.4 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates National Retail as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full National Retail Ratings Report.

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