The ex-dividend date for Ashland (NYSE:ASH) is tomorrow, August 15, 2012. Owners of shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $73.14 as of 9:30 a.m., the dividend yield is 1.2%.
NEW YORK ( TheStreet) -- The ex-dividend date for Ashland (NYSE: ASH) is tomorrow, August 15, 2012. Owners of shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $73.14 as of 9:30 a.m. ET, the dividend yield is 1.2%. The average volume for Ashland has been 808,500 shares per day over the past 30 days. Ashland has a market cap of $5.59 billion and is part of the basic materials sector and chemicals industry. Shares are up 27.5% year to date as of the close of trading on Monday. 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. The company has a P/E ratio of 145.8, above the average chemicals industry P/E ratio of 30 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Ashland as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, good cash flow from operations, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Ashland Ratings Report. See our dividend calendar or top-yielding stocks list.