NEW YORK ( TheStreet) -- The ex-dividend date for Braskem SA Preferred Shares Sponsored ADR R (NYSE: BAK) is tomorrow, May 5, 2011. Owners of shares as of market close today will be eligible for a dividend of $1.05 per share. At a price of $27.54 as of 9:31 a.m. ET, the dividend yield is 3.7%. The average volume for Braskem SA Preferred Shares Sponsored ADR R has been 184,300 shares per day over the past 30 days. Braskem SA Preferred Shares Sponsored ADR R has a market cap of $11.4 billion and is part of the basic materials sector and chemicals industry. Shares are up 10.9% year to date as of the close of trading on Tuesday. Braskem S.A. produces and sells petrochemical products in Brazil and the United States. The company has a P/E ratio of 17.2, above the average chemicals industry P/E ratio of 8.9 and above the S&P 500 P/E ratio of 17.
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