NEW YORK ( TheStreet) -- The ex-dividend date for PolyOne Corporation (NYSE: POL) is tomorrow, June 14, 2011. Owners of shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $14.11 as of 9:32 a.m. ET, the dividend yield is 1.1%.

The average volume for PolyOne has been 813,100 shares per day over the past 30 days. PolyOne has a market cap of $1.3 billion and is part of the basic materials sector and chemicals industry. Shares are up 12% year to date as of the close of trading on Friday.

PolyOne Corporation provides specialized polymer materials, services, and solutions with operations in thermoplastic compounds, specialty polymer formulations, color and additive systems, thermoplastic resin distribution, and specialty polyvinyl chloride resins. The company has a P/E ratio of 5.4, equal to the average chemicals industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates PolyOne as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, revenue growth, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full PolyOne Ratings Report.

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