Celanese Stock To Go Ex-dividend Tomorrow (CE)

NEW YORK ( TheStreet) -- The ex-dividend date for Celanese Corporation (NYSE: CE) is tomorrow, April 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $45 as of 9:30 a.m. ET, the dividend yield is 0.6%.

The average volume for Celanese has been 1.6 million shares per day over the past 30 days. Celanese has a market cap of $6.97 billion and is part of the basic materials sector and chemicals industry. Shares are up 1% year to date as of the close of trading on Wednesday.

Celanese Corporation, a technology and specialty materials company, engages in manufacture and sale of value-added chemicals, thermoplastic polymers, and other chemical-based products. The company has a P/E ratio of 11.4, below the average chemicals industry P/E ratio of 11.6 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Celanese as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Celanese Ratings Report.

See our dividend calendar or top-yielding stocks list.
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