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NEW YORK ( TheStreet) -- The ex-dividend date for Boardwalk Pipeline Partners (NYSE: BWP) is tomorrow, May 8, 2012. Owners of shares as of market close today will be eligible for a dividend of 53 cents per share. At a price of $27.95 as of 9:30 a.m. ET, the dividend yield is 7.7%. The average volume for Boardwalk Pipeline has been 384,100 shares per day over the past 30 days. Boardwalk Pipeline has a market cap of $5.11 billion and is part of the basic materials sector and energy industry. Shares are down 0% year to date as of the close of trading on Friday. Boardwalk Pipeline Partners, LP, through its subsidiaries, engages in the ownership and operation of integrated natural gas pipelines and storage systems in the United States. The company has a P/E ratio of 25.1, below the average energy industry P/E ratio of 25.4 and above the S&P 500 P/E ratio of 17.7.