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.

TheStreet Ratings rates Ashland as a hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full Ashland Ratings Report.

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