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NEW YORK ( TheStreet) -- The ex-dividend date for Mercadolibre (Nasdaq: MELI) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $101.98 as of 9:30 a.m. ET, the dividend yield is 0.4%. The average volume for Mercadolibre has been 660,300 shares per day over the past 30 days. Mercadolibre has a market cap of $3.91 billion and is part of the services sector and diversified services industry. Shares are up 27.9% year to date as of the close of trading on Monday. MercadoLibre, Inc., together with its subsidiaries, hosts online commerce and payments platforms in Latin America. Its services are designed to provide its users with mechanisms to buy, sell, pay for, and collect on e-commerce transactions. The company has a P/E ratio of 56.2, above the average diversified services industry P/E ratio of 54.7 and above the S&P 500 P/E ratio of 17.7.