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NEW YORK ( TheStreet) -- The ex-dividend date for FLIR Systems (Nasdaq: FLIR) is tomorrow, May 17, 2012. Owners of shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $21.16 as of 9:30 a.m. ET, the dividend yield is 1.3%. The average volume for FLIR Systems has been 1.1 million shares per day over the past 30 days. FLIR Systems has a market cap of $3.25 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are down 15.8% year to date as of the close of trading on Tuesday. FLIR Systems, Inc. designs, manufactures, and markets thermal imaging systems worldwide. The company operates through two divisions, Commercial Systems and Government Systems. The company has a P/E ratio of 15.4, below the average aerospace/defense industry P/E ratio of 15.5 and below the S&P 500 P/E ratio of 17.7.