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NEW YORK ( TheStreet) -- The ex-dividend date for Torchmark Corporation (NYSE: TMK) is tomorrow, July 3, 2012. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $50.64 as of 10 a.m. ET, the dividend yield is 1.2%. The average volume for Torchmark has been 878,600 shares per day over the past 30 days. Torchmark has a market cap of $4.88 billion and is part of the financial sector and insurance industry. Shares are up 16.5% year to date as of the close of trading on Friday. Torchmark Corporation, an insurance holding company, provides individual life and supplemental health insurance, and annuities, to middle income households in the United States. The company has a P/E ratio of 9.8, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 17.7.