NEW YORK ( TheStreet) -- The ex-dividend date for PolyOne Corporation (NYSE: POL) is tomorrow, December 22, 2011. Owners of shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $11.39 as of 9:30 a.m. ET, the dividend yield is 1.5%.

The average volume for PolyOne has been 921,500 shares per day over the past 30 days. PolyOne has a market cap of $976.6 million and is part of the basic materials sector and chemicals industry. Shares are down 8.2% year to date as of the close of trading on Tuesday.

PolyOne Corporation provides specialized polymer materials, services, and solutions with operations in thermoplastic compounds, specialty polymer formulations, color and additive systems, thermoplastic resin distribution, and specialty polyvinyl chloride resins. The company has a P/E ratio of 4.1, above the average chemicals industry P/E ratio of four and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates PolyOne as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, notable return on equity, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full PolyOne Ratings Report.

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