NEW YORK (

TheStreet

) -- The ex-dividend date for

Crane Company

(NYSE:

CR

) is Monday, August 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 26 cents per share. At a price of $38.78 as of 9:30 a.m. ET, the dividend yield is 2.6%.

The average volume for Crane has been 320,900 shares per day over the past 30 days. Crane has a market cap of $2.3 billion and is part of the

industrial goods

sector and

industrial

industry. Shares are down 4.7% year to date as of the close of trading on Thursday.

Crane Co. manufactures engineered industrial products in the United States and internationally. The company has a P/E ratio of 13.3, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Crane 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, reasonable valuation levels, growth in earnings per share and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

Crane Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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