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NEW YORK ( TheStreet) -- The ex-dividend date for Callaway Golf Company (NYSE: ELY) is tomorrow, May 16, 2012. Owners of shares as of market close today will be eligible for a dividend of one cent per share. At a price of $5.43 as of 9:30 a.m. ET, the dividend yield is 0.7%. The average volume for Callaway has been 608,400 shares per day over the past 30 days. Callaway has a market cap of $354.4 million and is part of the consumer goods sector and consumer durables industry. Shares are down 1.4% year to date as of the close of trading on Monday. Callaway Golf Company, together with its subsidiaries, designs, manufactures, and sells golf clubs and golf balls. The company's golf clubs include drivers, fairway woods, hybrids, irons, wedges, and putters.