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NEW YORK ( TheStreet) -- The ex-dividend date for Ashland Inc (NYSE: ASH) is tomorrow, November 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $50.52 as of 9:30 a.m. ET, the dividend yield is 1.4%. The average volume for Ashland has been one million shares per day over the past 30 days. Ashland has a market cap of $3.8 billion and is part of the basic materials sector and chemicals industry. Shares are down 5.2% year to date as of the close of trading on Friday. Ashland Inc. operates as a specialty chemicals company in the United States and internationally. Its Ashland Aqualon Functional Ingredients segment produces cellulose ethers; and specialty additives and functional ingredients. The company has a P/E ratio of 69.6, above the average chemicals industry P/E ratio of 9.4 and above the S&P 500 P/E ratio of 17.7.