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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.