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NEW YORK ( TheStreet) -- The ex-dividend date for Rockwell Collins (NYSE: COL) is tomorrow, August 9, 2012. Owners of shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $50.82 as of 9:30 a.m. ET, the dividend yield is 2.4%. The average volume for Rockwell Collins has been 1.2 million shares per day over the past 30 days. Rockwell Collins has a market cap of $7.2 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are down 8.5% year to date as of the close of trading on Tuesday. Rockwell Collins, Inc. designs, produces, and supports communications and aviation electronics for commercial and military customers worldwide. It operates in two segments, Government Systems and Commercial Systems. The company has a P/E ratio of 12.3, above the average aerospace/defense industry P/E ratio of 12 and below the S&P 500 P/E ratio of 17.7.