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NEW YORK ( TheStreet) -- The ex-dividend date for Life Partners Holdings (Nasdaq: LPHI) is tomorrow, August 24, 2011. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $8.31 as of 10:05 a.m. ET, the dividend yield is 10.8%. The average volume for Life has been 254,300 shares per day over the past 30 days. Life has a market cap of $138.6 million and is part of the financial sector and insurance industry. Shares are down 51% year to date as of the close of trading on Monday. Life Partners Holdings, Inc., through its subsidiary, Life Partners, Inc., operates in the secondary market for life insurance in the United States. It facilitates life settlement transactions by identifying, examining, and purchasing the policies as agent for the purchasers. The company has a P/E ratio of 4.9, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 17.7.