Cabot Stock To Go Ex-dividend Tomorrow (CBT)

NEW YORK ( TheStreet) -- The ex-dividend date for Cabot Corporation (NYSE: CBT) is tomorrow, May 30, 2012. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $38.86 as of 9:35 a.m. ET, the dividend yield is 2.1%.

The average volume for Cabot has been 356,000 shares per day over the past 30 days. Cabot has a market cap of $2.43 billion and is part of the basic materials sector and chemicals industry. Shares are up 19.1% year to date as of the close of trading on Friday.

Cabot Corporation operates as a specialty chemicals and performance materials company. The company has a P/E ratio of 14.2, above the average chemicals industry P/E ratio of 6.3 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Cabot as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, growth in earnings per share and compelling growth in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Cabot Ratings Report.

See our dividend calendar or top-yielding stocks list.
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