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NEW YORK ( TheStreet) -- The ex-dividend date for Meridian Bioscience (Nasdaq: VIVO) is tomorrow, May 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 19 cents per share. At a price of $20.57 as of 9:30 a.m. ET, the dividend yield is 3.7%. The average volume for Meridian Bioscience has been 305,700 shares per day over the past 30 days. Meridian Bioscience has a market cap of $857.7 million and is part of the health care sector and drugs industry. Shares are up 9.1% year to date as of the close of trading on Monday. Meridian Bioscience, Inc., a life science company, engages in the development, manufacture, sale, and distribution of diagnostic test kits primarily for gastrointestinal, foodborne, viral, respiratory, and parasitic infectious diseases. The company's diagnostic products primarily consist of C. The company has a P/E ratio of 27.7, below the average drugs industry P/E ratio of 31 and above the S&P 500 P/E ratio of 17.7.