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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.