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NEW YORK ( TheStreet) -- The ex-dividend date for Garmin (Nasdaq: GRMN) is tomorrow, March 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $47.56 as of 9:30 a.m. ET, the dividend yield is 3.4%. The average volume for Garmin has been 1.1 million shares per day over the past 30 days. Garmin has a market cap of $8.07 billion and is part of the technology sector and electronics industry. Shares are up 19.3% year to date as of the close of trading on Friday. Garmin Ltd., together with its subsidiaries, designs, develops, manufactures, and markets global positioning system (GPS) enabled products and other navigation, communication, and information products for the automotive/mobile, outdoor, fitness, marine, and general aviation markets worldwide. The company has a P/E ratio of 17.8, above the average electronics industry P/E ratio of 16.6 and equal to the S&P 500 P/E ratio of 17.7.