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NEW YORK ( TheStreet) -- The ex-dividend date for True Religion Apparel (Nasdaq: TRLG) is tomorrow, May 11, 2012. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $26.79 as of 9:30 a.m. ET, the dividend yield is 3%. The average volume for True Religion has been 493,900 shares per day over the past 30 days. True Religion has a market cap of $685.5 million and is part of the consumer goods sector and consumer non-durables industry. Shares are down 23% year to date as of the close of trading on Wednesday. True Religion Apparel, Inc. designs, develops, manufactures, markets, distributes, and sells apparel in North America, Europe, Asia, Australia, Africa, and South America. It offers fashion jeans and related sportswear apparel. The company has a P/E ratio of 14.4, equal to the average consumer non-durables industry P/E ratio and below the S&P 500 P/E ratio of 17.7.