The ex-dividend date for Post Properties (NYSE:PPS) is tomorrow, June 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $47.42 as of 9:30 a.m., the dividend yield is 2.1%.
NEW YORK ( TheStreet) -- The ex-dividend date for Post Properties (NYSE: PPS) is tomorrow, June 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $47.42 as of 9:30 a.m. ET, the dividend yield is 2.1%. The average volume for Post has been 626,000 shares per day over the past 30 days. Post has a market cap of $2.53 billion and is part of the financial sector and real estate industry. Shares are up 6.9% year to date as of the close of trading on Monday. Post Properties, Inc. is an independent real estate investment trust. The firm invests in the real estate markets of the United States. It primarily develops, owns, and manages multi-family apartment communities. Post Properties, Inc. was founded in 1971 and is based in Atlanta, Georgia. The company has a P/E ratio of 59.9, below the average real estate industry P/E ratio of 60.7 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Post as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Post Ratings Report. See our dividend calendar or top-yielding stocks list.