The ex-dividend date for Equity Residential (NYSE:EQR) is tomorrow, September 19, 2012. Owners of shares as of market close today will be eligible for a dividend of 34 cents per share. At a price of $60.04 as of 9:30 a.m., the dividend yield is 2.2%.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model NEW YORK ( TheStreet) -- The ex-dividend date for Equity Residential (NYSE: EQR) is tomorrow, September 19, 2012. Owners of shares as of market close today will be eligible for a dividend of 34 cents per share. At a price of $60.04 as of 9:30 a.m. ET, the dividend yield is 2.2%. The average volume for Equity has been 1.7 million shares per day over the past 30 days. Equity has a market cap of $18.13 billion and is part of the financial sector and real estate industry. Shares are up 5.6% year to date as of the close of trading on Monday. Equity Residential, a real estate investment trust (REIT), engages in the acquisition, development, and management of multifamily properties in the United States. The company has a P/E ratio of 162.8, below the average real estate industry P/E ratio of 177.1 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Equity as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Equity Ratings Report. See our dividend calendar or top-yielding stocks list. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.