Taubman Centers Stock To Go Ex-dividend Tomorrow (TCO)
The ex-dividend date for Taubman Centers (NYSE:TCO) is tomorrow, March 14, 2013. Owners of shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $77.36 as of 9:55 a.m., the dividend yield is 2.6%.
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 Taubman Centers (NYSE: TCO) is tomorrow, March 14, 2013. Owners of shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $77.36 as of 9:55 a.m. ET, the dividend yield is 2.6%. The average volume for Taubman Centers has been 571,700 shares per day over the past 30 days. Taubman Centers has a market cap of $4.93 billion and is part of the financial sector and real estate industry. Shares are down 1.5% year to date as of the close of trading on Tuesday. Taubman Centers, Inc. operates as a real estate investment trust. As of June 30, 2005, the company owned a 63% managing general partner's interest in The Taubman Realty Group Limited Partnership (the operating partnership). The company has a P/E ratio of 56.8, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Taubman Centers as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Taubman Centers Ratings Report. See our dividend calendar or top-yielding stocks list. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.