Olin Stock To Go Ex-dividend Tomorrow (OLN)

NEW YORK ( TheStreet) -- The ex-dividend date for Olin Corporation (NYSE: OLN) is tomorrow, February 6, 2014. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $24.89 as of 9:50 a.m. ET, the dividend yield is 3.2%.

The average volume for Olin has been 1.4 million shares per day over the past 30 days. Olin has a market cap of $1.99 billion and is part of the basic materials sector and chemicals industry. Shares are down 12.9% year to date as of the close of trading on Tuesday.

Olin Corporation manufactures and sells chlor alkali products in the United States and internationally. It operates in three segments, Chlor Alkali Products, Chemical Distribution, and Winchester.

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TheStreet Ratings rates Olin as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, notable return on equity, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Olin Ratings Report.

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