NEW YORK ( TheStreet) -- The ex-dividend date for Covanta Holding Corporation (NYSE: CVA) is Monday, December 19, 2011. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $13.43 as of 9:30 a.m. ET, the dividend yield is 2.2%. The average volume for Covanta Holding has been 1.3 million shares per day over the past 30 days. Covanta Holding has a market cap of $1.85 billion and is part of the industrial goods sector and materials & construction industry. Shares are down 21.7% year to date as of the close of trading on Thursday. Covanta Holding Corporation, through its subsidiaries, provides waste and energy services in the Americas, Europe, and Asia. It owns and operates infrastructure for the conversion of waste to energy. The company has a P/E ratio of 28, above the average materials & construction industry P/E ratio of nine and above the S&P 500 P/E ratio of 17.7.
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