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.
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TheStreet Ratings rates Lubrizol as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Lubrizol Ratings Report. See our dividend calendar or top-yielding stocks list.