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NEW YORK ( TheStreet) -- The ex-dividend date for EXCO Resources (NYSE: XCO) is tomorrow, March 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $6.95 as of 9:30 a.m. ET, the dividend yield is 2.3%. The average volume for EXCO has been 3.4 million shares per day over the past 30 days. EXCO has a market cap of $1.78 billion and is part of the basic materials sector and energy industry. Shares are down 33.5% year to date as of the close of trading on Friday. EXCO Resources, Inc., an independent oil and natural gas company, engages in the exploration, exploitation, development, and production of onshore U.S. oil and natural gas properties with a focus on shale resource plays. The company has a P/E ratio of 69.7, above the average energy industry P/E ratio of 15.6 and above the S&P 500 P/E ratio of 17.7.