NEW YORK ( TheStreet) -- The ex-dividend date for Monmouth Real Estate Investment (NYSE: MNR) is tomorrow, May 11, 2012. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $10.50 as of 9:30 a.m. ET, the dividend yield is 5.7%. The average volume for Monmouth Real Estate Investment has been 101,500 shares per day over the past 30 days. Monmouth Real Estate Investment has a market cap of $419.7 million and is part of the financial sector and real estate industry. Shares are up 14.3% year to date as of the close of trading on Wednesday. Monmouth Real Estate Investment Corporation (MREIC) is a real estate investment trust. It owns, manages, and leases properties to investment-grade tenants on long-term leases. The firm invests in the public equity and real estate markets of the United States. The company has a P/E ratio of 24.3, above the average real estate industry P/E ratio of 20.9 and above the S&P 500 P/E ratio of 17.7.
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