Colonial Stock To Go Ex-dividend Tomorrow (CLP)

NEW YORK ( TheStreet) -- The ex-dividend date for Colonial Properties (NYSE: CLP) is tomorrow, May 3, 2012. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $22.37 as of 9:30 a.m. ET, the dividend yield is 3.2%.

The average volume for Colonial has been 677,700 shares per day over the past 30 days. Colonial has a market cap of $1.97 billion and is part of the financial sector and real estate industry. Shares are up 8.3% year to date as of the close of trading on Tuesday.

Colonial Properties Trust is a real estate investment trust (REIT). The firm engages in the acquisition, development, ownership, management, and leasing of commercial real estate properties. It invests in the public equity and real estate markets of the United States.

TheStreet Ratings rates Colonial as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and revenue growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full Colonial Ratings Report.

See our dividend calendar or top-yielding stocks list.