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NEW YORK ( TheStreet) -- The ex-dividend date for Tellabs (Nasdaq: TLAB) is tomorrow, May 9, 2012. Owners of shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $3.64 as of 9:30 a.m. ET, the dividend yield is 2.1%. The average volume for Tellabs has been 2.6 million shares per day over the past 30 days. Tellabs has a market cap of $1.37 billion and is part of the technology sector and telecommunications industry. Shares are down 8.9% year to date as of the close of trading on Monday. Tellabs, Inc. designs, develops, and supports telecommunications networking products for communication service providers in the United States and internationally.