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NEW YORK ( TheStreet) -- The ex-dividend date for Verizon Communications Inc (NYSE: VZ) is tomorrow, October 5, 2011. Owners of shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $36.13 as of 9:31 a.m. ET, the dividend yield is 5.4%. The average volume for Verizon has been 19.3 million shares per day over the past 30 days. Verizon has a market cap of $104.2 billion and is part of the technology sector and telecommunications industry. Shares are up 1.6% year to date as of the close of trading on Monday. Verizon Communications Inc. provides communication services. The company operates through two segments, Domestic Wireless and Wireline. The Domestic Wireless segment offers wireless voice and data services; and sells equipment in the United States. The company has a P/E ratio of 16.5, below the average telecommunications industry P/E ratio of 19.4 and below the S&P 500 P/E ratio of 17.7.