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NEW YORK ( TheStreet) -- The ex-dividend date for Webster Financial Corporation (NYSE: WBS) is tomorrow, August 4, 2011. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $20.05 as of 10:03 a.m. ET, the dividend yield is 1%. The average volume for Webster Financial has been 534,100 shares per day over the past 30 days. Webster Financial has a market cap of $1.8 billion and is part of the financial sector and banking industry. Shares are up 2.7% year to date as of the close of trading on Tuesday. Webster Financial Corporation operates as the holding company for the Webster Bank that provides various banking and financial products and services in southern New England and eastern New York State. The company has a P/E ratio of 16.8, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.