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NEW YORK ( TheStreet) -- The ex-dividend date for Kennametal (NYSE: KMT) is tomorrow, May 4, 2012. Owners of shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $42.11 as of 9:35 a.m. ET, the dividend yield is 1.3%. The average volume for Kennametal has been 673,200 shares per day over the past 30 days. Kennametal has a market cap of $3.35 billion and is part of the industrial goods sector and industrial industry. Shares are up 15.3% year to date as of the close of trading on Wednesday. Kennametal Inc. manufactures and supplies tooling, engineered components, and advanced materials consumed in production processes worldwide. The company has a P/E ratio of 11.2, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.