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NEW YORK ( TheStreet) -- The ex-dividend date for Praxair (NYSE: PX) is tomorrow, June 5, 2012. Owners of shares as of market close today will be eligible for a dividend of 55 cents per share. At a price of $103.51 as of 9:30 a.m. ET, the dividend yield is 2%. The average volume for Praxair has been 1.2 million shares per day over the past 30 days. Praxair has a market cap of $31.73 billion and is part of the basic materials sector and chemicals industry. Shares are down 3.2% year to date as of the close of trading on Friday. Praxair, Inc. engages in the production, distribution, and sale atmospheric and process gases, as well as surface coatings in North America, Europe, South America, and Asia. The company has a P/E ratio of 19.2, equal to the average chemicals industry P/E ratio and above the S&P 500 P/E ratio of 17.7.