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NEW YORK ( TheStreet) -- The ex-dividend date for Ashland (NYSE: ASH) is tomorrow, May 30, 2012. Owners of shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $65.03 as of 9:35 a.m. ET, the dividend yield is 1.4%. The average volume for Ashland has been 679,900 shares per day over the past 30 days. Ashland has a market cap of $5.05 billion and is part of the basic materials sector and chemicals industry. Shares are up 12.7% year to date as of the close of trading on Friday. Ashland Inc. operates as a specialty chemicals company in the United States and internationally. It operates through four segments: Specialty Ingredients, Water Technologies, Performance Materials, and Consumer Markets.