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NEW YORK ( TheStreet) -- The ex-dividend date for Gap (NYSE: GPS) is tomorrow, October 7, 2011. Owners of shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $16.72 as of 9:30 a.m. ET, the dividend yield is 2.7%. The average volume for Gap has been 8.9 million shares per day over the past 30 days. Gap has a market cap of $8.8 billion and is part of the services sector and retail industry. Shares are down 23.6% year to date as of the close of trading on Wednesday. The Gap, Inc. operates as a specialty retailing company. The company offers apparel, accessories, and personal care products for men, women, children, and babies under the Gap, Old Navy, Banana Republic, Piperlime, and Athleta brand names. The company has a P/E ratio of 9.2, equal to the average retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7.