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NEW YORK ( TheStreet) -- The ex-dividend date for Crane Company (NYSE: CR) is Tuesday, May 29, 2012. Owners of shares as of market close today will be eligible for a dividend of 26 cents per share. At a price of $38.85 as of 9:30 a.m. ET, the dividend yield is 2.7%. The average volume for Crane has been 354,000 shares per day over the past 30 days. Crane has a market cap of $2.28 billion and is part of the industrial goods sector and industrial industry. Shares are down 16.9% 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. The company operates in five segments: Aerospace & Electronics, Engineered Materials, Merchandising Systems, Fluid Handling, and Controls. The company has a P/E ratio of 75.9, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 17.7.