NEW YORK ( TheStreet) -- The ex-dividend date for Illinois Tool Works (NYSE: ITW) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 36 cents per share. At a price of $57.99 as of 9:30 a.m. ET, the dividend yield is 2.5%. The average volume for Illinois Tool Works has been 3.6 million shares per day over the past 30 days. Illinois Tool Works has a market cap of $25.09 billion and is part of the industrial goods sector and industrial industry. Shares are up 23.8% year to date as of the close of trading on Monday. Illinois Tool Works Inc. manufactures various industrial products and equipment worldwide. The company has a P/E ratio of 13.9, above the average industrial industry P/E ratio of 12.8 and below the S&P 500 P/E ratio of 17.7.
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