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NEW YORK ( TheStreet) -- The ex-dividend date for Seadrill (NYSE: SDRL) is tomorrow, May 22, 2012. Owners of shares as of market close today will be eligible for a dividend of 97 cents per share. At a price of $36.20 as of 9:30 a.m. ET, the dividend yield is 9.1%. The average volume for Seadrill has been 2.6 million shares per day over the past 30 days. Seadrill has a market cap of $16.83 billion and is part of the basic materials sector and energy industry. Shares are up 8.4% year to date as of the close of trading on Friday. Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industry worldwide. It also offers platform drilling, well intervention, and engineering services. The company has a P/E ratio of 12.2, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7.