NEW YORK ( TheStreet) -- The ex-dividend date for Paychex (Nasdaq: PAYX) is tomorrow, January 30, 2014. Owners of shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $42.01 as of 9:50 a.m. ET, the dividend yield is 3.3%. The average volume for Paychex has been 2.5 million shares per day over the past 30 days. Paychex has a market cap of $15.25 billion and is part of the services sector and diversified services industry. Shares are down 7.1% year to date as of the close of trading on Tuesday. Paychex, Inc., together with its subsidiaries, provides payroll, human resource, insurance, and benefits outsourcing solutions for small to medium-sized businesses in the United States and Germany. The company has a P/E ratio of 26, above the S&P 500 P/E ratio of 17.7.