NEW YORK ( TheStreet) -- The ex-dividend date for Redwood (NYSE: RWT) is tomorrow, June 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $12.04 as of 9:59 a.m. ET, the dividend yield is 8.1%.

The average volume for Redwood has been 472,600 shares per day over the past 30 days. Redwood has a market cap of $979.5 million and is part of the financial sector and real estate industry. Shares are up 19.1% year to date as of the close of trading on Monday.

Redwood Trust, Inc., a real estate investment trust, together with its subsidiaries, engages in investing, financing, and managing real estate assets. The company has a P/E ratio of 26.9, below the average real estate industry P/E ratio of 27.5 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Redwood as a sell. The company's weaknesses can be seen in multiple areas, such as its generally weak debt management, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full Redwood Ratings Report.

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