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NEW YORK ( TheStreet) -- The ex-dividend date for Timken Company (NYSE: TKR) is tomorrow, November 17, 2011. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $43.58 as of 9:47 a.m. ET, the dividend yield is 1.8%. The average volume for Timken has been 1.3 million shares per day over the past 30 days. Timken has a market cap of $4.3 billion and is part of the industrial goods sector and industrial industry. Shares are down 9.1% year to date as of the close of trading on Tuesday. The Timken Company develops, manufactures, markets, and sells anti-friction bearings and related products and steel products primarily in the United States and Europe. The company has a P/E ratio of 10.1, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.