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NEW YORK ( TheStreet) -- The ex-dividend date for Spartan Stores (Nasdaq: SPTN) is tomorrow, November 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $16.70 as of 9:30 a.m. ET, the dividend yield is 1.6%. The average volume for Spartan Stores has been 119,400 shares per day over the past 30 days. Spartan Stores has a market cap of $393.7 million and is part of the services sector and wholesale industry. Shares are down 3.5% year to date as of the close of trading on Friday. Spartan Stores, Inc. operates as a grocery distributor and retailer principally in Michigan and Indiana. The company operates in two segments, Distribution and Retail. The company has a P/E ratio of 12, below the average wholesale industry P/E ratio of 12.6 and below the S&P 500 P/E ratio of 17.7.