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NEW YORK ( TheStreet) -- The ex-dividend date for Telephone and Data Systems (NYSE: TDS) is tomorrow, June 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $20.31 as of 9:30 a.m. ET, the dividend yield is 2.5%. The average volume for Telephone and Data Systems has been 560,200 shares per day over the past 30 days. Telephone and Data Systems has a market cap of $2.07 billion and is part of the technology sector and telecommunications industry. Shares are down 23.9% year to date as of the close of trading on Monday. Telephone and Data Systems, Inc., a diversified telecommunications service company, provides wireless and wireline telecommunications services in the United States. The company has a P/E ratio of 10.6, below the average telecommunications industry P/E ratio of 11.5 and below the S&P 500 P/E ratio of 17.7.