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NEW YORK ( TheStreet) -- The ex-dividend date for Chesapeake Energy (NYSE: CHK) is tomorrow, April 12, 2012. Owners of shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $20.86 as of 9:30 a.m. ET, the dividend yield is 1.6%. The average volume for Chesapeake Energy has been 16.4 million shares per day over the past 30 days. Chesapeake Energy has a market cap of $14.22 billion and is part of the basic materials sector and energy industry. Shares are down 3.7% year to date as of the close of trading on Tuesday. Chesapeake Energy Corporation engages in the acquisition, exploration, development, and production of natural gas and oil properties in the United States. The company also offers marketing, midstream, drilling, and other oilfield services. The company has a P/E ratio of 9.5, above the average energy industry P/E ratio of 9.3 and below the S&P 500 P/E ratio of 17.7.