Glimcher Stock To Go Ex-dividend Tomorrow (GRT)

NEW YORK ( TheStreet) -- The ex-dividend date for Glimcher Realty (NYSE: GRT) is tomorrow, June 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $9.72 as of 9:30 a.m. ET, the dividend yield is 4.1%.

The average volume for Glimcher has been 1.4 million shares per day over the past 30 days. Glimcher has a market cap of $1.36 billion and is part of the financial sector and real estate industry. Shares are up 5.5% year to date as of the close of trading on Monday.

Glimcher Realty Trust operates as a real estate investment trust (REIT) in the United States. It owns, leases, acquires, develops, and operates a portfolio of retail properties, including regional and super regional malls, as well as community shopping centers.

TheStreet Ratings rates Glimcher as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, disappointing return on equity and poor profit margins. You can view the full Glimcher Ratings Report.

See our dividend calendar or top-yielding stocks list.
null