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NEW YORK ( TheStreet) -- The ex-dividend date for TransCanada (NYSE: TRP) is tomorrow, June 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $40.79 as of 10 a.m. ET, the dividend yield is 4.3%. The average volume for TransCanada has been 489,700 shares per day over the past 30 days. TransCanada has a market cap of $29.17 billion and is part of the utilities sector and utilities industry. Shares are down 5.1% year to date as of the close of trading on Monday. Transcanada Corporation operates as an energy infrastructure company in North America. The company operates in three segments: Natural Gas Pipelines, Oil Pipelines, and Energy. The company has a P/E ratio of 19.8, above the average utilities industry P/E ratio of 19.7 and above the S&P 500 P/E ratio of 17.7.