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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.