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NEW YORK ( TheStreet) -- The ex-dividend date for Twin Disc (Nasdaq: TWIN) is tomorrow, May 9, 2012. Owners of shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $20.39 as of 9:30 a.m. ET, the dividend yield is 1.8%. The average volume for Twin Disc has been 170,100 shares per day over the past 30 days. Twin Disc has a market cap of $232.6 million and is part of the industrial goods sector and industrial industry. Shares are down 44% year to date as of the close of trading on Monday. Twin Disc, Incorporated engages in the design, manufacture, and sale of marine and heavy duty off-highway power transmission equipment. The company has a P/E ratio of 7.2, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.