The ex-dividend date for Ashland (NYSE:ASH) is tomorrow, February 15, 2012. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $64.37 as of 9:30 a.m., the dividend yield is 1.1%.
NEW YORK ( TheStreet) -- The ex-dividend date for Ashland (NYSE: ASH) is tomorrow, February 15, 2012. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $64.37 as of 9:30 a.m. ET, the dividend yield is 1.1%. The average volume for Ashland has been 1.1 million shares per day over the past 30 days. Ashland has a market cap of $4.94 billion and is part of the basic materials sector and chemicals industry. Shares are up 12.9% year to date as of the close of trading on Monday. Ashland Inc. operates as a specialty chemicals company in the United States and internationally. It operates through four segments: Specialty Ingredients, Water Technologies, Performance Materials, and Consumer Markets. The company has a P/E ratio of 116.5, above the average chemicals industry P/E ratio of 12.2 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Ashland as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures 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 Ashland Ratings Report. See our dividend calendar or top-yielding stocks list.