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NEW YORK ( TheStreet) -- The ex-dividend date for Torchmark Corporation (NYSE: TMK) is tomorrow, October 5, 2011. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $33.52 as of 9:31 a.m. ET, the dividend yield is 1.4%. The average volume for Torchmark has been 1.3 million shares per day over the past 30 days. Torchmark has a market cap of $3.7 billion and is part of the financial sector and insurance industry. Shares are down 15.3% year to date as of the close of trading on Monday. Torchmark Corporation, through its subsidiaries, provides individual life and supplemental health insurance products, and annuities to middle income households. The company has a P/E ratio of 5.2, below the average insurance industry P/E ratio of 7.9 and below the S&P 500 P/E ratio of 17.7.