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NEW YORK ( TheStreet) -- The ex-dividend date for Wendy's (Nasdaq: WEN) is tomorrow, February 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $5.04 as of 9:30 a.m. ET, the dividend yield is 1.6%. The average volume for Wendy's has been five million shares per day over the past 30 days. Wendy's has a market cap of $2.05 billion and is part of the services sector and leisure industry. Shares are down 5.5% year to date as of the close of trading on Friday. The Wendy's Company operates as a quick-service hamburger company in the United States. The company, through its subsidiary, Wendy's International, Inc., operates as a franchisor of the Wendy's restaurant system. The company has a P/E ratio of 127, above the S&P 500 P/E ratio of 17.7.