First Potomac Stock To Go Ex-dividend Tomorrow (FPO)
The ex-dividend date for First Potomac Realty (NYSE:FPO) is tomorrow, May 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $12.42 as of 9:32 a.m., the dividend yield is 6.4%.
NEW YORK ( TheStreet) -- The ex-dividend date for First Potomac Realty (NYSE: FPO) is tomorrow, May 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $12.42 as of 9:32 a.m. ET, the dividend yield is 6.4%. The average volume for First Potomac has been 364,000 shares per day over the past 30 days. First Potomac has a market cap of $630.5 million and is part of the financial sector and real estate industry. Shares are down 4.7% year to date as of the close of trading on Monday. First Potomac Realty Trust, a real estate investment trust (REIT), engages in the ownership, development, redevelopment, and operation of industrial properties and business parks in the Washington, D.C. metropolitan area, and other markets in Maryland and Virginia.
TheStreet Ratings rates First Potomac as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and good cash flow from operations. 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 First Potomac Ratings Report. See our dividend calendar or top-yielding stocks list.