Cabot Stock To Go Ex-dividend Tomorrow (CBT)

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.

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

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