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NEW YORK ( TheStreet) -- The ex-dividend date for Lubrizol Corporation (NYSE: LZ) is tomorrow, May 6, 2011. Owners of shares as of market close today will be eligible for a dividend of 36 cents per share. At a price of $134.61 as of 9:31 a.m. ET, the dividend yield is 1.1%. The average volume for Lubrizol has been 1.5 million shares per day over the past 30 days. Lubrizol has a market cap of $8.6 billion and is part of the basic materials sector and chemicals industry. Shares are up 26% year to date as of the close of trading on Wednesday. The Lubrizol Corporation, a specialty chemical company, produces and supplies technologies that improve the performance of its customer's products in the transportation, industrial, and consumer markets worldwide. The company has a P/E ratio of 12.2, below the average chemicals industry P/E ratio of 12.4 and below the S&P 500 P/E ratio of 17.