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NEW YORK ( TheStreet) -- The ex-dividend date for Shaw Communications (NYSE: SJR) is tomorrow, May 11, 2012. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $19.59 as of 9:30 a.m. ET, the dividend yield is 5%. The average volume for Shaw has been 227,900 shares per day over the past 30 days. Shaw has a market cap of $8.18 billion and is part of the services sector and media industry. Shares are down 2% year to date as of the close of trading on Wednesday. Shaw Communications Inc., a diversified communications company, provides broadband cable television, Internet, digital phone, telecommunications, and satellite direct-to-home (DTH) services primarily in Canada and the United States. The company has a P/E ratio of 15.4, above the average media industry P/E ratio of 13.6 and below the S&P 500 P/E ratio of 17.7.