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NEW YORK ( TheStreet) -- The ex-dividend date for Lithia Motors (NYSE: LAD) is tomorrow, May 9, 2012. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $25.32 as of 9:30 a.m. ET, the dividend yield is 1.6%. The average volume for Lithia has been 407,900 shares per day over the past 30 days. Lithia has a market cap of $578.5 million and is part of the services sector and specialty retail industry. Shares are up 17.8% year to date as of the close of trading on Monday. Lithia Motors Inc. operates as an automotive franchisee and retailer of new and used vehicles in the United States. The company has a P/E ratio of 10.7, above the average specialty retail industry P/E ratio of 10.3 and below the S&P 500 P/E ratio of 17.7.