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NEW YORK ( TheStreet) -- The ex-dividend date for Provident Financial Services (NYSE: PFS) is tomorrow, May 12, 2011. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $14.04 as of 9:30 a.m. ET, the dividend yield is 3.4%. The average volume for Provident Financial Services has been 239,300 shares per day over the past 30 days. Provident Financial Services has a market cap of $845.3 million and is part of the financial sector and banking industry. Shares are down 6.5% year to date as of the previous trading day's close. Provident Financial Services, Inc. operates as the holding company for The Provident Bank that provides banking services to individuals, families, and businesses in New Jersey. The company has a P/E ratio of 15.4, above the average banking industry P/E ratio of 15.2 and below the S&P 500 P/E ratio of 17.7.