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NEW YORK ( TheStreet) -- The ex-dividend date for Ebix (Nasdaq: EBIX) is tomorrow, May 11, 2012. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $18.84 as of 9:30 a.m. ET, the dividend yield is 1.1%. The average volume for Ebix has been 408,200 shares per day over the past 30 days. Ebix has a market cap of $681.1 million and is part of the technology sector and computer software & services industry. Shares are down 15.4% year to date as of the close of trading on Wednesday. Ebix, Inc. provides on-demand software and e-commerce solutions to the insurance industry. The company has a P/E ratio of 10.5, below the average computer software & services industry P/E ratio of 10.7 and below the S&P 500 P/E ratio of 17.7.