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NEW YORK ( TheStreet) -- The ex-dividend date for W&T Offshore (NYSE: WTI) is Monday, March 12, 2012. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $23.61 as of 9:30 a.m. ET, the dividend yield is 1.4%. The average volume for W&T has been 629,100 shares per day over the past 30 days. W&T has a market cap of $1.6 billion and is part of the basic materials sector and energy industry. Shares are up 9.3% year to date as of the close of trading on Thursday. W&T Offshore, Inc. engages in the acquisition, exploitation, exploration, and development of oil and natural gas properties primarily in the Gulf of Mexico. As of April 26, 2011, it had working interests in approximately 68 fields in federal waters, state waters, and onshore. The company has a P/E ratio of 10, below the average energy industry P/E ratio of 11 and below the S&P 500 P/E ratio of 17.7.