The ex-dividend date for Crane Company (NYSE:CR) is Monday, February 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 26 cents per share. At a price of $49.71 as of 9:30 a.m., the dividend yield is 2.1%.
NEW YORK ( TheStreet) -- The ex-dividend date for Crane Company (NYSE: CR) is Monday, February 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 26 cents per share. At a price of $49.71 as of 9:30 a.m. ET, the dividend yield is 2.1%. The average volume for Crane has been 236,800 shares per day over the past 30 days. Crane has a market cap of $2.76 billion and is part of the industrial goods sector and industrial industry. Shares are up 6.4% year to date as of the close of trading on Thursday. 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 14.6, below the average industrial industry P/E ratio of 14.7 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 revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Crane Ratings Report. See our dividend calendar or top-yielding stocks list.