Solutia (SOA) Q3 2011 Earnings Call October 27, 2011 11:00 am ET Executives D. Michael Donnelly - Chief Operating Officer and Executive Vice President James M. Sullivan - Chief Financial Officer, Executive Vice President and Treasurer Jeffry N. Quinn - Chairman, Chief Executive Officer and President Susannah Livingston - Director of IR Analysts David L. Begleiter - Deutsche Bank AG, Research Division Bill Hoffman - RBC Capital Markets, LLC, Research Division Frank J. Mitsch - Wells Fargo Securities, LLC, Research Division Michael J. Sison - KeyBanc Capital Markets Inc., Research Division Christopher W. Butler - Sidoti & Company, LLC Lucy Watson - Jefferies & Company, Inc., Research Division PresentationOperator
Welcome to the Q3 2011 Solutia Inc. Earnings Release and Conference Call. My name is Kim, and I will be your operator for today's call. [Operator Instructions] Please note that this conference is being recorded. I will now turn the call over to Ms. Susannah Livingston. Ms. Livingston, you may begin. Susannah Livingston Thank you, Kim, and good morning. We are pleased you have taken the time to join Solutia's Third Quarter Conference Call. Jeff Quinn, Solutia's Chairman, President and Chief Executive Officer; Mike Donnelly, Executive Vice President and Chief Operating Officer; and Jim Sullivan, Executive Vice President and Chief Financial Officer, are with me this morning. First, I'd like to remind you that we are webcasting this call, which you can access through our website, solutia.com. Also, we will be using presentation materials today that are posted on the website, along with the earnings release announcing third quarter 2011 results. Finally, Solutia's 10-K will be filed within the next few days.
Solutia (NYSE:SOA) hit a new 52-week high Tuesday as it is currently trading at $28.23, above its previous 52-week high of $28.20 with two million shares traded as of 3:59 p.m. ET. Average volume has been 1.3 million shares over the past 30 days.
The ex-dividend date for Solutia (NYSE:SOA) is Monday, February 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $27.95 as of 9:30 a.m., the dividend yield is 0.5%.