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NEW YORK ( TheStreet) -- The ex-dividend date for South Jersey Industries (NYSE: SJI) is tomorrow, December 7, 2011. Owners of shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $55.41 as of 9:34 a.m. ET, the dividend yield is 2.9%. The average volume for South Jersey has been 131,900 shares per day over the past 30 days. South Jersey has a market cap of $1.65 billion and is part of the utilities sector and utilities industry. Shares are up 4.7% year to date as of the close of trading on Monday. South Jersey Industries, Inc., through its subsidiaries, engages in the purchase, transmission, and sale of natural gas for residential, commercial, and industrial customers. The company has a P/E ratio of 20.7, below the average utilities industry P/E ratio of 21.2 and above the S&P 500 P/E ratio of 17.7.