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NEW YORK ( TheStreet) -- The ex-dividend date for QEP Resources (NYSE: QEP) is tomorrow, May 24, 2012. Owners of shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $26.58 as of 9:30 a.m. ET, the dividend yield is 0.3%. The average volume for QEP has been 1.7 million shares per day over the past 30 days. QEP has a market cap of $4.86 billion and is part of the basic materials sector and energy industry. Shares are down 8.3% year to date as of the close of trading on Tuesday. QEP Resources, Inc., through its subsidiaries, operates as an independent oil and natural gas exploration and production company. The company has a P/E ratio of 13.9, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7.