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NEW YORK ( TheStreet) -- The ex-dividend date for Spartan Motors (Nasdaq: SPAR) is tomorrow, November 8, 2011. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $5.11 as of 9:30 a.m. ET, the dividend yield is 1.9%. The average volume for Spartan has been 165,200 shares per day over the past 30 days. Spartan has a market cap of $172 million and is part of the consumer goods sector and automotive industry. Shares are down 15.8% year to date as of the close of trading on Friday. Spartan Motors, Inc., together with its subsidiaries, designs, engineers, manufactures, and sells specialized motor vehicle chassis and bodies in the United States and Canada. It operates in two segments, Specialty Vehicle, and Service and Delivery Vehicles. The company has a P/E ratio of 46.8, equal to the average automotive industry P/E ratio and above the S&P 500 P/E ratio of 17.7.