NEW YORK ( TheStreet) -- The ex-dividend date for Pharmaceutical Product Development (Nasdaq: PPDI) is tomorrow, September 13, 2011. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $29.98 as of 9:30 a.m. ET, the dividend yield is 2%. The average volume for Pharmaceutical Product Development has been 1.3 million shares per day over the past 30 days. Pharmaceutical Product Development has a market cap of $3.4 billion and is part of the health care sector and health services industry. Shares are up 13.9% year to date as of the close of trading on Friday. Pharmaceutical Product Development, Inc., a contract research organization, provides drug discovery, development, and lifecycle management services. It operates in two segments, Clinical Development Services and Laboratory Services. The company has a P/E ratio of 47.2, above the average health services industry P/E ratio of 20.7 and above the S&P 500 P/E ratio of 17.7.
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