Cedar Stock To Go Ex-dividend Tomorrow (CDR)

NEW YORK ( TheStreet) -- The ex-dividend date for Cedar Realty (NYSE: CDR) is tomorrow, May 9, 2012. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $5.08 as of 9:30 a.m. ET, the dividend yield is 4.1%.

The average volume for Cedar has been 253,800 shares per day over the past 30 days. Cedar has a market cap of $341 million and is part of the financial sector and real estate industry. Shares are up 19% year to date as of the close of trading on Monday.

Cedar Realty Trust, Inc. is an independent equity real estate investment trust. The firm is primarily engaged in ownership, operation, development, and redevelopment of properties.

TheStreet Ratings rates Cedar as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and weak operating cash flow. You can view the full Cedar Ratings Report.

See our dividend calendar or top-yielding stocks list.
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