NEW YORK ( TheStreet) -- The ex-dividend date for Philippine Long Distance Telephone (NYSE: PHI) is tomorrow, March 11, 2011. Owners of shares as of market close today will be eligible for a dividend of $2.48 per share. At a price of $52.21 as of 10:21 a.m. ET, the dividend yield is 5.1%. The average volume for Philippine Long Distance Telephone has been 214,000 shares per day over the past 30 days. Philippine Long Distance Telephone has a market cap of $9.8 billion and is part of the technology sector and telecommunications industry. Shares are down 9.8% year to date as of the close of trading on Wednesday. Philippine Long Distance Telephone Company provides telecommunication products and services in the Philippines. The company has a P/E ratio of 11.6, above the average telecommunications industry P/E ratio of 10.8 and below the S&P 500 P/E ratio of 17.5. TheStreet Ratings rates Philippine Long Distance Telephone as buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, 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 Philippine Long Distance Telephone Ratings Report. See our dividend calendar or top-yielding stocks list.