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NEW YORK ( TheStreet) -- The ex-dividend date for W.W. Grainger (NYSE: GWW) is tomorrow, May 10, 2012. Owners of shares as of market close today will be eligible for a dividend of 80 cents per share. At a price of $199.91 as of 9:35 a.m. ET, the dividend yield is 1.6%. The average volume for W.W. Grainger has been 425,600 shares per day over the past 30 days. W.W. Grainger has a market cap of $14.36 billion and is part of the services sector and wholesale industry. Shares are up 8.6% year to date as of the close of trading on Tuesday. W.W. Grainger, Inc. engages in the distribution of maintenance, repair, and operating supplies, as well as other related products and services for businesses and institutions primarily in the United States and Canada. The company has a P/E ratio of 21.6, equal to the average wholesale industry P/E ratio and above the S&P 500 P/E ratio of 17.7.