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NEW YORK ( TheStreet) -- The ex-dividend date for Shaw Communications (NYSE: SJR) is tomorrow, May 11, 2011. Owners of shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $20.91 as of 9:32 a.m. ET, the dividend yield is 4.6%. The average volume for Shaw has been 112,500 shares per day over the past 30 days. Shaw has a market cap of $8.6 billion and is part of the services sector and media industry. Shares are down 2.7% year to date as of the previous trading day's close. Shaw Communications Inc., a diversified communications company, provides broadband cable television, Internet, digital phone, telecommunications, and satellite direct-to-home (DTH) services primarily in Canada and the United States. The company has a P/E ratio of 21.2, above the average media industry P/E ratio of 20.4 and above the S&P 500 P/E ratio of 16.2.