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NEW YORK ( TheStreet) -- The ex-dividend date for Kaydon Corporation (NYSE: KDN) is tomorrow, December 9, 2011. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $30.37 as of 9:30 a.m. ET, the dividend yield is 2.6%. The average volume for Kaydon has been 301,400 shares per day over the past 30 days. Kaydon has a market cap of $998.3 million and is part of the industrial goods sector and industrial industry. Shares are down 24.6% year to date as of the close of trading on Wednesday. Kaydon Corporation engages in the design, manufacture, and sale of custom engineered, and performance-critical products in the United States, Germany, and internationally. The company has a P/E ratio of 19.5, above the average industrial industry P/E ratio of 19.2 and above the S&P 500 P/E ratio of 17.7.