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NEW YORK ( TheStreet) -- The ex-dividend date for AvalonBay Communities (NYSE: AVB) is tomorrow, December 27, 2013. Owners of shares as of market close today will be eligible for a dividend of $1.07 per share. At a price of $118.97 as of 9:50 a.m. ET, the dividend yield is 3.6%. The average volume for AvalonBay has been 730,700 shares per day over the past 30 days. AvalonBay has a market cap of $15.31 billion and is part of the financial sector and real estate industry. Shares are down 12.8% year to date as of the close of trading on Tuesday. AvalonBay Communities, Inc. engages in the development, redevelopment, acquisition, ownership, and operation of multifamily communities in the United States.