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NEW YORK ( TheStreet) -- The ex-dividend date for Alcoa (NYSE: AA) is tomorrow, August 1, 2012. Owners of shares as of market close today will be eligible for a dividend of 3 cents per share. At a price of $8.43 as of 9:30 a.m. ET, the dividend yield is 1.4%. The average volume for Alcoa has been 22.2 million shares per day over the past 30 days. Alcoa has a market cap of $9.02 billion and is part of the basic materials sector and metals & mining industry. Shares are down 2.3% year to date as of the close of trading on Monday. Alcoa, Inc. engages in the production and management of primary aluminum, fabricated aluminum, and alumina. The company operates in four segments: Alumina, Primary Metals, Flat-Rolled Products, and Engineered Products and Solutions. The company has a P/E ratio of 120.7, above the average metals & mining industry P/E ratio of 105.6 and above the S&P 500 P/E ratio of 17.7.