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NEW YORK ( TheStreet) -- The ex-dividend date for Automatic Data Processing (Nasdaq: ADP) is tomorrow, March 7, 2012. Owners of shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $54.24 as of 9:30 a.m. ET, the dividend yield is 2.9%. The average volume for Automatic Data Processing has been 2.4 million shares per day over the past 30 days. Automatic Data Processing has a market cap of $27.72 billion and is part of the technology sector and computer software & services industry. Shares are up 0.9% year to date as of the close of trading on Monday. Automatic Data Processing, Inc. provides business outsourcing solutions. The company operates in three segments: Employer Services, Professional Employer Organization (PEO) Services, and Dealer Services. The company has a P/E ratio of 20.1, below the average computer software & services industry P/E ratio of 22.1 and above the S&P 500 P/E ratio of 17.7.