The ex-dividend date for Celanese Corporation (NYSE:CE) is tomorrow, October 25, 2012. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $38.53 as of 9:35 a.m., the dividend yield is 0.8%.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- The ex-dividend date for Celanese Corporation (NYSE: CE) is tomorrow, October 25, 2012. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $38.53 as of 9:35 a.m. ET, the dividend yield is 0.8%. The average volume for Celanese has been 1.8 million shares per day over the past 30 days. Celanese has a market cap of $5.96 billion and is part of the basic materials sector and chemicals industry. Shares are down 15.4% year to date as of the close of trading on Tuesday. Celanese Corporation, a technology and specialty materials company, engages in manufacture and sale of value-added chemicals, thermoplastic polymers, and other chemical-based products. The company has a P/E ratio of 12.3, above the average chemicals industry P/E ratio of 9.1 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Celanese as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, attractive valuation levels, growth in earnings per share, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Celanese Ratings Report. See our dividend calendar or top-yielding stocks list. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.