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NEW YORK ( TheStreet) -- The ex-dividend date for Vanguard Natural Resources (NYSE: VNR) is tomorrow, May 4, 2012. Owners of shares as of market close today will be eligible for a dividend of 59 cents per share. At a price of $28.70 as of 9:30 a.m. ET, the dividend yield is 8.1%. The average volume for Vanguard Natural has been 357,000 shares per day over the past 30 days. Vanguard Natural has a market cap of $1.57 billion and is part of the basic materials sector and energy industry. Shares are up 3.4% year to date as of the close of trading on Wednesday. Vanguard Natural Resources, LLC, through its subsidiaries, engages in the acquisition and development of oil and natural gas properties in the United States. The company has a P/E ratio of 14.9, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7.