NEW YORK ( TheStreet) -- The ex-dividend date for Snap-on (NYSE: SNA) is tomorrow, May 17, 2012. Owners of shares as of market close today will be eligible for a dividend of 34 cents per share. At a price of $60.66 as of 9:30 a.m. ET, the dividend yield is 2.3%.

The average volume for Snap-on has been 331,400 shares per day over the past 30 days. Snap-on has a market cap of $3.51 billion and is part of the industrial goods sector and industrial industry. Shares are up 19.2% year to date as of the close of trading on Tuesday.

Snap-on Incorporated provides tools, equipment, diagnostics, repair information, and systems solutions for professional users. The company has a P/E ratio of 12.2, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Snap-on as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. 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 Snap-on Ratings Report.

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