NEW YORK ( TheStreet) -- The ex-dividend date for Air Products & Chemicals (NYSE: APD) is tomorrow, December 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 58 cents per share. At a price of $85.16 as of 12:50 p.m. ET, the dividend yield is 2.7%. The average volume for Air Products has been 1.2 million shares per day over the past 30 days. Air Products has a market cap of $18.12 billion and is part of the basic materials sector and chemicals industry. Shares are down 5% year to date as of the close of trading on Tuesday. Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, performance materials, equipment, and services worldwide. The company has a P/E ratio of 15.4, equal to the average chemicals industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Air Products as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, notable return on equity, good cash flow from operations 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 Air Products Ratings Report. See our dividend calendar or top-yielding stocks list.