- Sign up for TheStreet's FREE Dividend and Income Investor Newsletter
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.