The ex-dividend date for Cytec Industries (NYSE:CYT) is tomorrow, May 8, 2013. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $72.64 as of 9:30 a.m., the dividend yield is 0.7%.
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 Cytec Industries (NYSE: CYT) is tomorrow, May 8, 2013. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $72.64 as of 9:30 a.m. ET, the dividend yield is 0.7%. The average volume for Cytec has been 520,200 shares per day over the past 30 days. Cytec has a market cap of $3.28 billion and is part of the basic materials sector and chemicals industry. Shares are up 5.4% year to date as of the close of trading on Monday. Cytec Industries Inc., a specialty chemicals and materials company, engages in developing, manufacturing, and selling chemical products primarily for aerospace composites, structural adhesives, automotive and industrial coatings, electronics, inks, mining, and plastics markets. The company has a P/E ratio of 47.4, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Cytec as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Cytec Ratings Report. See our dividend calendar or top-yielding stocks list. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.