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NEW YORK ( TheStreet) -- The ex-dividend date for Eastman Chemical Company (NYSE: EMN) is tomorrow, March 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 26 cents per share. At a price of $52.06 as of 9:30 a.m. ET, the dividend yield is 2%. The average volume for Eastman Chemical has been 1.6 million shares per day over the past 30 days. Eastman Chemical has a market cap of $6.49 billion and is part of the basic materials sector and chemicals industry. Shares are up 33.3% year to date as of the close of trading on Friday. Eastman Chemical Company, a chemical company, engages in the manufacture and sale of chemicals, plastics, and fibers in the United States and internationally. The company has a P/E ratio of 11.4, above the average chemicals industry P/E ratio of 10.9 and below the S&P 500 P/E ratio of 17.7.