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NEW YORK ( TheStreet) -- The ex-dividend date for Praxair (NYSE: PX) is Monday, March 5, 2012. Owners of shares as of market close today will be eligible for a dividend of 55 cents per share. At a price of $109.74 as of 9:30 a.m. ET, the dividend yield is 2%. The average volume for Praxair has been 1.5 million shares per day over the past 30 days. Praxair has a market cap of $32.7 billion and is part of the basic materials sector and chemicals industry. Shares are up 2.7% year to date as of the close of trading on Thursday. Praxair, Inc. engages in the production, sale, and distribution of industrial gases primarily in North America, South America, Europe, and Asia. The company has a P/E ratio of 20, below the average chemicals industry P/E ratio of 24.2 and above the S&P 500 P/E ratio of 17.7.