NEW YORK ( TheStreet) -- The ex-dividend date for Intercontinental Hotels Group (NYSE: IHG) is tomorrow, March 21, 2012. Owners of shares as of market close today will be eligible for a dividend of 38 cents per share. At a price of $23 as of 9:30 a.m. ET, the dividend yield is 2.3%. The average volume for Intercontinental Hotels Group has been 433,500 shares per day over the past 30 days. Intercontinental Hotels Group has a market cap of $5.94 billion and is part of the services sector and leisure industry. Shares are up 29.3% year to date as of the close of trading on Monday. InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels and resorts. The company has a P/E ratio of 24.8, above the average leisure industry P/E ratio of 16.3 and above the S&P 500 P/E ratio of 17.7.
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