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NEW YORK ( TheStreet) -- The ex-dividend date for American Campus Communities (NYSE: ACC) is tomorrow, May 11, 2012. Owners of shares as of market close today will be eligible for a dividend of 34 cents per share. At a price of $45.60 as of 2:10 p.m. ET, the dividend yield is 3%. The average volume for American Campus has been 716,400 shares per day over the past 30 days. American Campus has a market cap of $3.39 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 Wednesday. Operates as a self-administered REIT that acquires, designs, finances, develops, manages the construction of, leases, and manages student housing properties. As of Dec. 31, 2005, its total owned and managed portfolio included 42 properties that represented apx. 27,100 beds in about 9,700 units. The company has a P/E ratio of 56.1, below the average real estate industry P/E ratio of 75.7 and above the S&P 500 P/E ratio of 17.7.