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NEW YORK ( TheStreet) -- The ex-dividend date for Nexen (NYSE: NXY) is tomorrow, March 7, 2012. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $19.65 as of 9:30 a.m. ET, the dividend yield is 1%. The average volume for Nexen has been 2.8 million shares per day over the past 30 days. Nexen has a market cap of $9.44 billion and is part of the basic materials sector and energy industry. Shares are up 26.1% year to date as of the close of trading on Monday. Nexen Inc. operates as an independent energy company worldwide. The company's Conventional Oil and Gas segment explores for, develops, and produces crude oil and natural gas from conventional sources. The company has a P/E ratio of 30.1, above the S&P 500 P/E ratio of 17.7.