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NEW YORK ( TheStreet) -- The ex-dividend date for Cabot Corporation (NYSE: CBT) is tomorrow, February 22, 2012. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $41.18 as of 9:35 a.m. ET, the dividend yield is 1.8%. The average volume for Cabot has been 540,800 shares per day over the past 30 days. Cabot has a market cap of $2.3 billion and is part of the basic materials sector and chemicals industry. Shares are up 27.6% year to date as of the close of trading on Friday. Cabot Corporation operates as a specialty chemicals and performance materials company. The company has a P/E ratio of 16.8, above the average chemicals industry P/E ratio of 10.1 and below the S&P 500 P/E ratio of 17.7.