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NEW YORK ( TheStreet) -- The ex-dividend date for Macy's (NYSE: M) is tomorrow, March 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $39.69 as of 9:30 a.m. ET, the dividend yield is 2%. The average volume for Macy's has been seven million shares per day over the past 30 days. Macy's has a market cap of $14.81 billion and is part of the services sector and retail industry. Shares are up 23.3% year to date as of the close of trading on Friday. Macy's, Inc., together with its subsidiaries, operates department stores and Internet Web sites in the United States. The company has a P/E ratio of 13.5, above the average retail industry P/E ratio of 12.9 and below the S&P 500 P/E ratio of 17.7.