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NEW YORK ( TheStreet) -- The ex-dividend date for Provident Energy (NYSE: PVX) is tomorrow, March 15, 2012. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $11.96 as of 9:30 a.m. ET, the dividend yield is 4.5%. The average volume for Provident Energy has been 1.9 million shares per day over the past 30 days. Provident Energy has a market cap of $2.99 billion and is part of the basic materials sector and energy industry. Shares are up 23.8% year to date as of the close of trading on Tuesday. Provident Energy Ltd. engages in the natural gas liquids (NGLs) infrastructure and marketing business in Canada and the United States. The company involves in the extraction, processing, storage, transportation, and marketing of NGLs, as well as offers these services to third party customers. The company has a P/E ratio of 34, above the average energy industry P/E ratio of 22.7 and above the S&P 500 P/E ratio of 17.7.