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NEW YORK ( TheStreet) -- The ex-dividend date for Telecom Corporation of New Zealand (NYSE: NZT) is tomorrow, March 20, 2012. Owners of shares as of market close today will be eligible for a dividend of 37 cents per share. At a price of $10.19 as of 9:30 a.m. ET, the dividend yield is 6.6%. The average volume for Telecom Corporation of New Zealand has been 405,700 shares per day over the past 30 days. Telecom Corporation of New Zealand has a market cap of $3.24 billion and is part of the technology sector and telecommunications industry. Shares are up 27.2% year to date as of the close of trading on Friday. Telecom Corporation of New Zealand Limited, together with its subsidiaries, provides telecommunications services, as well as information, communication, and technology services in New Zealand and Australia. The company has a P/E ratio of 4.2, below the average telecommunications industry P/E ratio of 22.7 and below the S&P 500 P/E ratio of 17.7.