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NEW YORK ( TheStreet) -- The ex-dividend date for Noranda Aluminum (NYSE: NOR) is tomorrow, May 3, 2012. Owners of shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $10.27 as of 9:33 a.m. ET, the dividend yield is 1.5%. The average volume for Noranda Aluminum has been 431,800 shares per day over the past 30 days. Noranda Aluminum has a market cap of $715.9 million and is part of the basic materials sector and metals & mining industry. Shares are up 26.1% year to date as of the close of trading on Tuesday. Noranda Aluminum Holding Corporation engages in the production and sale of primary aluminum products and rolled aluminum coils in the United States. It mines, produces, and sells bauxite used for alumina production. The company has a P/E ratio of 6.1, equal to the average metals & mining industry P/E ratio and below the S&P 500 P/E ratio of 17.7.