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NEW YORK ( TheStreet) -- The ex-dividend date for Weyerhaeuser (NYSE: WY) is tomorrow, May 9, 2012. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $20 as of 9:30 a.m. ET, the dividend yield is 3%. The average volume for Weyerhaeuser has been 4.2 million shares per day over the past 30 days. Weyerhaeuser has a market cap of $10.72 billion and is part of the financial sector and real estate industry. Shares are up 8.3% year to date as of the close of trading on Monday. Weyerhaeuser Company, a forest products company, grows and harvests trees, builds homes, and manufactures forest products worldwide. It grows and harvests trees for use as lumber, other wood and building products, and pulp and paper. The company has a P/E ratio of 40, above the average real estate industry P/E ratio of 39.2 and above the S&P 500 P/E ratio of 17.7.