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NEW YORK ( TheStreet) -- The ex-dividend date for Cypress Semiconductor Corporation (Nasdaq: CY) is tomorrow, March 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $15.78 as of 9:30 a.m. ET, the dividend yield is 2.9%. The average volume for Cypress Semiconductor has been 2.8 million shares per day over the past 30 days. Cypress Semiconductor has a market cap of $2.91 billion and is part of the technology sector and electronics industry. Shares are down 9.5% year to date as of the close of trading on Friday. Cypress Semiconductor Corporation designs, develops, manufactures, and markets mixed-signal and programmable solutions worldwide. The company has a P/E ratio of 17, below the average electronics industry P/E ratio of 24.8 and below the S&P 500 P/E ratio of 17.7.