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NEW YORK ( TheStreet) -- The ex-dividend date for East West Bancorp (Nasdaq: EWBC) is tomorrow, May 8, 2012. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $22.10 as of 9:30 a.m. ET, the dividend yield is 1.8%. The average volume for East West has been 970,700 shares per day over the past 30 days. East West has a market cap of $3.29 billion and is part of the financial sector and banking industry. Shares are up 12.6% year to date as of the close of trading on Friday. East West Bancorp, Inc. operates as the holding company for East West Bank, which provides a range of personal and commercial banking services to small and medium-sized businesses, business executives, professionals, and other individuals in California. The company has a P/E ratio of 13.5, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.