The ex-dividend date for Cytec Industries (NYSE:CYT) is tomorrow, November 8, 2011. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $45.37 as of 9:35 a.m., the dividend yield is 1.1%.
NEW YORK ( TheStreet) -- The ex-dividend date for Cytec Industries (NYSE: CYT) is tomorrow, November 8, 2011. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $45.37 as of 9:35 a.m. ET, the dividend yield is 1.1%. The average volume for Cytec has been 787,100 shares per day over the past 30 days. Cytec has a market cap of $2.3 billion and is part of the basic materials sector and chemicals industry. Shares are down 14.1% year to date as of the close of trading on Friday. Cytec Industries Inc., a specialty chemicals and materials company, engages in developing, manufacturing, and selling chemical products worldwide. The company has a P/E ratio of 13.8, above the average chemicals industry P/E ratio of 10.6 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Cytec as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including poor profit margins, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Cytec Ratings Report. See our dividend calendar or top-yielding stocks list.