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NEW YORK ( TheStreet) -- The ex-dividend date for Pall Corporation (NYSE: PLL) is tomorrow, October 11, 2011. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $47.32 as of 9:30 a.m. ET, the dividend yield is 1.6%. The average volume for Pall has been two million shares per day over the past 30 days. Pall has a market cap of $5 billion and is part of the industrial goods sector and industrial industry. Shares are down 9.2% year to date as of the close of trading on Friday. Pall Corporation manufactures and markets filtration, purification, and separation products and integrated systems solutions worldwide. The company has a P/E ratio of 16.2, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.