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NEW YORK ( TheStreet) -- The ex-dividend date for Cenovus Energy (NYSE: CVE) is tomorrow, December 13, 2011. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $33.05 as of 9:50 a.m. ET, the dividend yield is 2.4%. The average volume for Cenovus Energy has been 1.6 million shares per day over the past 30 days. Cenovus Energy has a market cap of $24.74 billion and is part of the basic materials sector and energy industry. Shares are up 1.5% year to date as of the close of trading on Friday. Cenovus Energy Inc. engages in the development, production, and marketing of bitumen, crude oil, natural gas, and natural gas liquids (NGLs) in Canada with refining operations in the United States. The company has a P/E ratio of 21.7, above the average energy industry P/E ratio of 18.6 and above the S&P 500 P/E ratio of 17.7.