NEW YORK (

TheStreet

) -- The ex-dividend date for

Ashland

(NYSE:

ASH

) is tomorrow, May 30, 2012. Owners of shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $65.03 as of 9:35 a.m. ET, the dividend yield is 1.4%.

The average volume for Ashland has been 679,900 shares per day over the past 30 days. Ashland has a market cap of $5.05 billion and is part of the

basic materials

sector and

chemicals

industry. Shares are up 12.7% year to date as of the close of trading on Friday.

Ashland Inc. operates as a specialty chemicals company in the United States and internationally. It operates through four segments: Specialty Ingredients, Water Technologies, Performance Materials, and Consumer Markets.

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TheStreet Ratings rates Ashland as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Ashland Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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