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NEW YORK ( TheStreet) -- The ex-dividend date for Kaydon Corporation (NYSE: KDN) is tomorrow, June 7, 2012. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $21.87 as of 9:30 a.m. ET, the dividend yield is 3.5%. The average volume for Kaydon has been 363,700 shares per day over the past 30 days. Kaydon has a market cap of $695.3 million and is part of the industrial goods sector and industrial industry. Shares are down 29% year to date as of the close of trading on Tuesday. Kaydon Corporation engages in the design, manufacture, and sale of custom engineered, performance-critical products in the United States, Germany, and internationally. The company has a P/E ratio of 14.1, below the average industrial industry P/E ratio of 14.2 and below the S&P 500 P/E ratio of 17.7.