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NEW YORK ( TheStreet) -- The ex-dividend date for Shanda Games (Nasdaq: GAME) is tomorrow, December 16, 2011. Owners of shares as of market close today will be eligible for a dividend of $1.02 per share. At a price of $4.59 as of 9:30 a.m. ET, the dividend yield is 23.3%. The average volume for Shanda Games has been 584,400 shares per day over the past 30 days. Shanda Games has a market cap of $1.24 billion and is part of the technology sector and computer software & services industry. Shares are down 32% year to date as of the close of trading on Wednesday. Shanda Games Limited, an online game company, develops, sources, operates, and publishes online games in the People's Republic of China. It also licenses its games to third parties. The company has a P/E ratio of 6.4, below the average computer software & services industry P/E ratio of 8.4 and below the S&P 500 P/E ratio of 17.7.