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NEW YORK ( TheStreet) -- The ex-dividend date for Pengrowth Energy (NYSE: PGH) is tomorrow, October 27, 2011. Owners of shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $10.44 as of 9:30 a.m. ET, the dividend yield is 8%. The average volume for Pengrowth Energy has been 1.4 million shares per day over the past 30 days. Pengrowth Energy has a market cap of $3.5 billion and is part of the basic materials sector and energy industry. Shares are down 20.2% year to date as of the close of trading on Tuesday. Pengrowth Energy Corporation engages in the acquisition, exploration, development, and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin. The company has a P/E ratio of 19.8, above the average energy industry P/E ratio of 14.5 and above the S&P 500 P/E ratio of 17.7.