Olin Stock To Go Ex-dividend Tomorrow (OLN)

NEW YORK ( TheStreet) -- The ex-dividend date for Olin Corporation (NYSE: OLN) is tomorrow, May 8, 2012. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $19.91 as of 9:30 a.m. ET, the dividend yield is 3.9%.

The average volume for Olin has been 590,300 shares per day over the past 30 days. Olin has a market cap of $1.64 billion and is part of the basic materials sector and chemicals industry. Shares are up 1.4% year to date as of the close of trading on Friday.

Olin Corporation engages in the manufacture and sale of chlor alkali products in the United States and internationally. The company operates in two segments, Chlor Alkali Products and Winchester. The company has a P/E ratio of 11.3, above the average chemicals industry P/E ratio of 6.8 and below the S&P 500 P/E ratio of 17.7.

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

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