Cytec Stock To Go Ex-dividend Tomorrow (CYT)

NEW YORK ( TheStreet) -- The ex-dividend date for Cytec Industries (NYSE: CYT) is tomorrow, February 8, 2012. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $56.94 as of 9:30 a.m. ET, the dividend yield is 0.9%.

The average volume for Cytec has been 579,300 shares per day over the past 30 days. Cytec has a market cap of $2.46 billion and is part of the basic materials sector and chemicals industry. Shares are up 28.2% year to date as of the close of trading on Monday.

Cytec Industries Inc., a specialty chemicals and materials company, engages in developing, manufacturing, and selling chemical products worldwide. The company has a P/E ratio of 15.7, above the average chemicals industry P/E ratio of 11.5 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Cytec as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Cytec Ratings Report.

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