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NEW YORK ( TheStreet) -- The ex-dividend date for Murphy Oil Corporation (NYSE: MUR) is Monday, May 14, 2012. Owners of shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $49.04 as of 9:30 a.m. ET, the dividend yield is 2.2%. The average volume for Murphy Oil has been 1.9 million shares per day over the past 30 days. Murphy Oil has a market cap of $9.58 billion and is part of the basic materials sector and energy industry. Shares are down 11.4% year to date as of the close of trading on Thursday. Murphy Oil Corporation, through its subsidiaries, engages in the exploration and production of oil and gas properties worldwide. It explores for and produces crude oil, natural gas, and natural gas liquids. The company has a P/E ratio of 12.1, above the average energy industry P/E ratio of 10.7 and below the S&P 500 P/E ratio of 17.7.