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NEW YORK ( TheStreet) -- The ex-dividend date for Apache Corporation (NYSE: APA) is tomorrow, October 19, 2011. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $88.29 as of 9:30 a.m. ET, the dividend yield is 0.7%. The average volume for Apache has been 3.6 million shares per day over the past 30 days. Apache has a market cap of $35.1 billion and is part of the basic materials sector and energy industry. Shares are down 26.3% year to date as of the close of trading on Monday. Apache Corporation, together with its subsidiaries, operates as an independent energy company. It engages in the exploration, development, and production of natural gas, crude oil, and natural gas liquids (NGLs). The company has a P/E ratio of 9.2, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7.