NEW YORK ( TheStreet) -- The ex-dividend date for Innophos Holdings (Nasdaq: IPHS) is tomorrow, April 12, 2012. Owners of shares as of market close today will be eligible for a dividend of 27 cents per share. At a price of $49.35 as of 9:30 a.m. ET, the dividend yield is 2.1%. The average volume for Innophos has been 226,700 shares per day over the past 30 days. Innophos has a market cap of $1.08 billion and is part of the basic materials sector and chemicals industry. Shares are up 3.2% year to date as of the close of trading on Tuesday. Innophos Holdings, Inc., through its subsidiaries, engages in the production of mineral based specialty ingredients that are used in food, beverage, pharmaceutical, oral care, and industrial end markets. The company has a P/E ratio of 13.2, equal to the average chemicals industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Innophos as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, growth in earnings per share and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Innophos Ratings Report. See our dividend calendar or top-yielding stocks list.