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NEW YORK ( TheStreet) -- The ex-dividend date for Assisted Living Concepts (NYSE: ALC) is tomorrow, May 17, 2012. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $16.18 as of 9:30 a.m. ET, the dividend yield is 2.5%. The average volume for Assisted Living Concepts has been 129,400 shares per day over the past 30 days. Assisted Living Concepts has a market cap of $321.3 million and is part of the health care sector and health services industry. Shares are up 7.6% year to date as of the close of trading on Tuesday. Assisted Living Concepts, Inc., together with its subsidiaries, operates senior living residences in the United States. The company has a P/E ratio of 15.3, equal to the average health services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.