NEW YORK ( TheStreet) -- The ex-dividend date for ABB (NYSE: ABB) is tomorrow, May 3, 2011. Owners of shares as of market close today will be eligible for a dividend of 63 cents per share. At a price of $27.35 as of 10:41 a.m. ET, the dividend yield is 4.1%. The average volume for ABB has been 2.5 million shares per day over the past 30 days. ABB has a market cap of $62.3 billion and is part of the industrial goods sector and industrial industry. Shares are up 22.4% year to date as of the close of trading on Friday. ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. The company's Power Products division manufactures and sells high- and medium-voltage switchgear and apparatus, circuit breakers, power and distribution transformers, and sensors. The company has a P/E ratio of 24.6, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 17.
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