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NEW YORK ( TheStreet) -- The ex-dividend date for Telecom Italia SpA (NYSE: TI) is Monday, May 21, 2012. Owners of shares as of market close today will be eligible for a dividend of 46 cents per share. At a price of $9.63 as of 3:09 p.m. ET, the dividend yield is 4.7%. The average volume for Telecom Italia SpA has been 349,500 shares per day over the past 30 days. Telecom Italia SpA has a market cap of $18.97 billion and is part of the technology sector and telecommunications industry. Shares are down 8.8% year to date as of the close of trading on Thursday. Telecom Italia S.p.A., together with its subsidiaries, provides fixed-line and mobile telecommunications, Internet, and media services. The company also operates in office and system solutions.