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NEW YORK ( TheStreet) -- The ex-dividend date for Verizon Communications (NYSE: VZ) is tomorrow, April 5, 2012. Owners of shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $38.38 as of 9:30 a.m. ET, the dividend yield is 5.2%. The average volume for Verizon has been 13.9 million shares per day over the past 30 days. Verizon has a market cap of $106.99 billion and is part of the technology sector and telecommunications industry. Shares are down 4% year to date as of the close of trading on Tuesday. Verizon Communications Inc. provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. It operates in two segments, Verizon Wireless and Wireline. The company has a P/E ratio of 45.3, above the average telecommunications industry P/E ratio of 18.2 and above the S&P 500 P/E ratio of 17.7.