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NEW YORK ( TheStreet) -- The ex-dividend date for Eli Lilly and Company (NYSE: LLY) is tomorrow, May 11, 2012. Owners of shares as of market close today will be eligible for a dividend of 49 cents per share. At a price of $41.41 as of 9:30 a.m. ET, the dividend yield is 4.7%. The average volume for Eli Lilly and has been six million shares per day over the past 30 days. Eli Lilly and has a market cap of $48.3 billion and is part of the health care sector and drugs industry. Shares are down 0.6% year to date as of the close of trading on Wednesday. Eli Lilly and Company discovers, develops, manufactures, and sells pharmaceutical products worldwide. The company has a P/E ratio of 10.8, equal to the average drugs industry P/E ratio and below the S&P 500 P/E ratio of 17.7.