Crane Stock To Go Ex-dividend Monday (CR)

NEW YORK ( TheStreet) -- The ex-dividend date for Crane Company (NYSE: CR) is Monday, November 28, 2011. Owners of shares as of market close today will be eligible for a dividend of 26 cents per share. At a price of $43.33 as of 9:30 a.m. ET, the dividend yield is 2.4%.

The average volume for Crane has been 226,600 shares per day over the past 30 days. Crane has a market cap of $2.6 billion and is part of the industrial goods sector and industrial industry. Shares are up 6% year to date as of the close of trading on Wednesday.

Crane Co. manufactures and sells engineered industrial products in the United States and internationally. Its Aerospace and Electronics segment offers pressure, fuel flow, and position sensors and subsystems; brake control systems; coolant, lube, and fuel pumps; and seat actuation products. The company has a P/E ratio of 13.5, below the average industrial industry P/E ratio of 13.9 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Crane as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Crane Ratings Report.

See our dividend calendar or top-yielding stocks list.

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