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NEW YORK ( TheStreet) -- The ex-dividend date for Apartment Investment & Management (NYSE: AIV) is tomorrow, May 16, 2012. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $27.23 as of 9:30 a.m. ET, the dividend yield is 2.6%. The average volume for Apartment Investment & Management has been 1.5 million shares per day over the past 30 days. Apartment Investment & Management has a market cap of $3.33 billion and is part of the financial sector and real estate industry. Shares are up 18.8% year to date as of the close of trading on Monday. Apartment Investment and Management Company (AIMCO) is a real estate investment manager. The firm engages in the acquisition, ownership, management, and redevelopment of apartment properties. It invests in real estate markets of United States. The firm primarily invests in apartment properties.