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NEW YORK ( TheStreet) -- The ex-dividend date for Energy Transfer Equity (NYSE: ETE) is tomorrow, May 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 63 cents per share. At a price of $42.29 as of 9:30 a.m. ET, the dividend yield is 6.2%. The average volume for Energy Transfer Equity has been 1.3 million shares per day over the past 30 days. Energy Transfer Equity has a market cap of $8.94 billion and is part of the basic materials sector and energy industry. Shares are down 1.2% year to date as of the close of trading on Monday. Energy Transfer Equity, L.P., through its general partnership interest in Energy Transfer Partners, L.P., engages in the natural gas midstream, transportation, and storage in the United States. The company has a P/E ratio of 29, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 17.7.