Realty Income Stock To Go Ex-dividend Tomorrow (O)

NEW YORK ( TheStreet) -- The ex-dividend date for Realty Income Corporation (NYSE: O) is tomorrow, April 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $39.35 as of 10:09 a.m. ET, the dividend yield is 4.5%.

The average volume for Realty Income has been 638,200 shares per day over the past 30 days. Realty Income has a market cap of $5.2 billion and is part of the financial sector and real estate industry. Shares are up 12.9% year to date as of the close of trading on Wednesday.

Realty Income Corporation engages in the acquisition and ownership of commercial retail real estate properties in the United States. The company leases its retail properties primarily to regional and national retail chain store operators. The company has a P/E ratio of 37.1, below the average real estate industry P/E ratio of 38.6 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Realty Income 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, solid stock price performance, growth in earnings per share and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Realty Income Ratings Report.

See our dividend calendar or top-yielding stocks list.

null

More from Markets

Watch: Here's What Wall Street Is Tracking Monday as Trump Sends Stock Lower

Watch: Here's What Wall Street Is Tracking Monday as Trump Sends Stock Lower

Dow Falls Sharply, Nasdaq Sinks as Wall Street Weighs Trump's New Trade Threats

Dow Falls Sharply, Nasdaq Sinks as Wall Street Weighs Trump's New Trade Threats

This Will Be the Ultimate Buy (or Sell) Signal for Stocks

This Will Be the Ultimate Buy (or Sell) Signal for Stocks

Boeing Slides as China Premier Li Says Willing to Continue Talks With Airbus

Boeing Slides as China Premier Li Says Willing to Continue Talks With Airbus

Jim Cramer: Reports of Attempted Trade Truce With China Are False

Jim Cramer: Reports of Attempted Trade Truce With China Are False