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NEW YORK ( TheStreet) -- The ex-dividend date for Paychex (Nasdaq: PAYX) is tomorrow, October 28, 2011. Owners of shares as of market close today will be eligible for a dividend of 32 cents per share. At a price of $29.66 as of 9:30 a.m. ET, the dividend yield is 4.5%. The average volume for Paychex has been 4.4 million shares per day over the past 30 days. Paychex has a market cap of $10.4 billion and is part of the services sector and diversified services industry. Shares are down 6.5% year to date as of the close of trading on Wednesday. Paychex, Inc. provides payroll, human resource, and benefits outsourcing solutions for small to medium sized businesses. The company has a P/E ratio of 19.5, equal to the average diversified services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.