NEW YORK ( TheStreet) -- The ex-dividend date for Cytec Industries (NYSE: CYT) is tomorrow, May 8, 2012. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $61.73 as of 9:34 a.m. ET, the dividend yield is 0.8%. The average volume for Cytec has been 622,000 shares per day over the past 30 days. Cytec has a market cap of $2.9 billion and is part of the basic materials sector and chemicals industry. Shares are up 38.5% year to date as of the close of trading on Friday. Cytec Industries Inc., a specialty chemicals and materials company, engages in developing, manufacturing, and selling chemical products primarily for aerospace composites, structural adhesives, automotive and industrial coatings, electronics, inks, mining, and plastics markets. The company has a P/E ratio of 16.9, equal to the average chemicals industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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