NEW YORK ( TheStreet) -- The ex-dividend date for International Flavors & Fragrances (NYSE: IFF) is tomorrow, December 23, 2011. Owners of shares as of market close today will be eligible for a dividend of 31 cents per share. At a price of $52.22 as of 9:30 a.m. ET, the dividend yield is 2.4%.

The average volume for International Flavors & Fragrances has been 948,900 shares per day over the past 30 days. International Flavors & Fragrances has a market cap of $4.15 billion and is part of the basic materials sector and chemicals industry. Shares are down 6.1% year to date as of the close of trading on Wednesday.

International Flavors & Fragrances Inc., together with its subsidiaries, creates, manufactures, and sells flavor and fragrance products in the United States and internationally. The company operates in two segments, Flavors and Fragrances. The company has a P/E ratio of 14.4, above the average chemicals industry P/E ratio of 14.1 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates International Flavors & Fragrances as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full International Flavors & Fragrances Ratings Report.

See our dividend calendar or top-yielding stocks list.