The ex-dividend date for HCP (NYSE:HCP) is tomorrow, August 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $47.35 as of 9:30 a.m., the dividend yield is 4.2%.
NEW YORK ( TheStreet) -- The ex-dividend date for HCP (NYSE: HCP) is tomorrow, August 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $47.35 as of 9:30 a.m. ET, the dividend yield is 4.2%. The average volume for HCP has been 2.5 million shares per day over the past 30 days. HCP has a market cap of $19.78 billion and is part of the financial sector and real estate industry. Shares are up 13.8% year to date as of the close of trading on Tuesday. HCP, Inc. is an independent hybrid real estate investment trust. The fund invests in real estate markets of the United States. The company has a P/E ratio of 30.8, above the average real estate industry P/E ratio of 30.6 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates HCP as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full HCP Ratings Report. See our dividend calendar or top-yielding stocks list.