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NEW YORK ( TheStreet) -- The ex-dividend date for Shire (Nasdaq: SHPGY) is tomorrow, March 7, 2012. Owners of shares as of market close today will be eligible for a dividend of 38 cents per share. At a price of $103.18 as of 9:30 a.m. ET, the dividend yield is 0.4%. The average volume for Shire has been 429,700 shares per day over the past 30 days. Shire has a market cap of $18.71 billion and is part of the health care sector and drugs industry. Shares are up 1.6% year to date as of the close of trading on Monday. Shire plc, a specialty biopharmaceutical company, engages in the research and development, manufacture, sale, and distribution of pharmaceutical products. It operates in three segments: Specialty Pharmaceuticals, Human Genetic Therapies, and Regenerative Medicine. The company has a P/E ratio of 23.3, below the average drugs industry P/E ratio of 24.4 and above the S&P 500 P/E ratio of 17.7.