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NEW YORK ( TheStreet) -- The ex-dividend date for Alexander & Baldwin (NYSE: ALEX) is tomorrow, May 8, 2012. Owners of shares as of market close today will be eligible for a dividend of 32 cents per share. At a price of $51.86 as of 9:30 a.m. ET, the dividend yield is 2.4%. The average volume for Alexander & Baldwin has been 282,300 shares per day over the past 30 days. Alexander & Baldwin has a market cap of $2.22 billion and is part of the services sector and transportation industry. Shares are up 27.7% year to date as of the close of trading on Friday. Alexander & Baldwin, Inc., together with its subsidiaries, operates in transportation, real estate, and agribusiness industries in the United States and internationally. The company has a P/E ratio of 40.2, below the average transportation industry P/E ratio of 65.1 and above the S&P 500 P/E ratio of 17.7.