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NEW YORK ( TheStreet) -- The ex-dividend date for Alliance Holdings GP (Nasdaq: AHGP) is tomorrow, May 11, 2011. Owners of shares as of market close today will be eligible for a dividend of 55 cents per share. At a price of $49.68 as of 9:30 a.m. ET, the dividend yield is 4.6%. The average volume for Alliance Holdings GP has been 121,600 shares per day over the past 30 days. Alliance Holdings GP has a market cap of $2.9 billion and is part of the basic materials sector and metals & mining industry. Shares are up 3% year to date as of the previous trading day's close. Alliance Holdings GP, L.P., through its subsidiaries, produces and markets coal primarily to utilities and industrial users in the United States. It produces a range of steam coal with varying sulfur and heat contents. The company has a P/E ratio of 15.7, below the average metals & mining industry P/E ratio of 16.6 and below the S&P 500 P/E ratio of 16.2.