NEW YORK ( TheStreet) -- The ex-dividend date for Kronos Worldwide (NYSE: KRO) is tomorrow, December 7, 2011. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $19.71 as of 9:30 a.m. ET, the dividend yield is 3%.

The average volume for Kronos Worldwide has been 846,600 shares per day over the past 30 days. Kronos Worldwide has a market cap of $2.28 billion and is part of the basic materials sector and chemicals industry. Shares are down 7.5% year to date as of the close of trading on Monday.

Kronos Worldwide, Inc. engages in the production and marketing of titanium dioxide pigments primarily in North America and Europe. The company has a P/E ratio of 8.3, equal to the average chemicals industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Kronos Worldwide as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Kronos Worldwide Ratings Report.

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