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NEW YORK ( TheStreet) -- The ex-dividend date for Black Hills Corporation (NYSE: BKH) is tomorrow, August 16, 2011. Owners of shares as of market close today will be eligible for a dividend of 37 cents per share. At a price of $29.46 as of 9:31 a.m. ET, the dividend yield is 4.9%. The average volume for Black Hills has been 355,600 shares per day over the past 30 days. Black Hills has a market cap of $1.2 billion and is part of the utilities sector and utilities industry. Shares are down 3.1% year to date as of the close of trading on Friday. Black Hills Corporation, together with its subsidiaries, operates as a diversified energy company primarily in the United States. The company operates through six segments: Electric Utilities, Gas Utilities, Oil and Gas, Coal Mining, Energy Marketing, and Power Generation. The company has a P/E ratio of 14.4, below the average utilities industry P/E ratio of 18 and below the S&P 500 P/E ratio of 17.7.