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NEW YORK ( TheStreet) -- The ex-dividend date for Kinross Gold Corporation (NYSE: KGC) is tomorrow, March 21, 2012. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $9.79 as of 9:30 a.m. ET, the dividend yield is 1.6%. The average volume for Kinross has been 7.7 million shares per day over the past 30 days. Kinross has a market cap of $12.04 billion and is part of the basic materials sector and metals & mining industry. Shares are down 12.9% year to date as of the close of trading on Monday. Kinross Gold Corporation, together with its subsidiaries, engages in mining and processing gold ores. It is also involved in the exploration and acquisition of gold bearing properties. The company has a P/E ratio of 23.2, above the average metals & mining industry P/E ratio of 13.4 and above the S&P 500 P/E ratio of 17.7.