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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 Dow Chemical (NYSE: DOW) is tomorrow, December 20, 2012. Owners of shares as of market close today will be eligible for a dividend of 32 cents per share. At a price of $32.53 as of 1:05 p.m. ET, the dividend yield is 4%. The average volume for Dow Chemical has been 8.2 million shares per day over the past 30 days. Dow Chemical has a market cap of $38.16 billion and is part of the basic materials sector and chemicals industry. Shares are up 14% year to date as of the close of trading on Tuesday. The Dow Chemical Company manufactures and supplies chemical products used as raw materials in the manufacture of customer products and services worldwide. The company has a P/E ratio of 24.7, above the S&P 500 P/E ratio of 17.7.