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NEW YORK ( TheStreet) -- The ex-dividend date for Kaman Corporation (Nasdaq: KAMN) is tomorrow, December 22, 2011. Owners of shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $28.13 as of 9:30 a.m. ET, the dividend yield is 2.3%. The average volume for Kaman has been 181,800 shares per day over the past 30 days. Kaman has a market cap of $718.1 million and is part of the industrial goods sector and aerospace/defense industry. Shares are down 2.6% year to date as of the close of trading on Tuesday. Kaman Corporation operates in the aerospace and industrial distribution markets. The company's Industrial Distribution segment distributes products, including bearings, mechanical and electrical power transmission, fluid power, motion control, and materials handling components. The company has a P/E ratio of 13.4, equal to the average aerospace/defense industry P/E ratio and below the S&P 500 P/E ratio of 17.7.