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NEW YORK ( TheStreet) -- The ex-dividend date for Patterson-UTI Energy (Nasdaq: PTEN) is tomorrow, March 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $18.82 as of 9:30 a.m. ET, the dividend yield is 1.1%. The average volume for Patterson-UTI Energy has been 4.1 million shares per day over the past 30 days. Patterson-UTI Energy has a market cap of $2.99 billion and is part of the basic materials sector and energy industry. Shares are down 5.4% year to date as of the close of trading on Friday. Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas exploration and production companies in the United States and Canada. The company has a P/E ratio of 9.2, below the average energy industry P/E ratio of 10.4 and below the S&P 500 P/E ratio of 17.7.