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NEW YORK ( TheStreet) -- The ex-dividend date for Solutia (NYSE: SOA) is Monday, February 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $27.95 as of 9:30 a.m. ET, the dividend yield is 0.5%. The average volume for Solutia has been 1.3 million shares per day over the past 30 days. Solutia has a market cap of $2.37 billion and is part of the basic materials sector and chemicals industry. Shares are up 62.1% year to date as of the close of trading on Thursday. Solutia Inc. engages in the manufacture and marketing of performance materials and specialty chemicals used in a range of consumer and industrial applications. It operates in three segments: Advanced Interlayers, Performance Films, and Technical Specialties. The company has a P/E ratio of 13, above the average chemicals industry P/E ratio of 9.2 and below the S&P 500 P/E ratio of 17.7.