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Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- The ex-dividend date for Parker Hannifin Corporation (NYSE: PH) is tomorrow, May 8, 2013. Owners of shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $92.64 as of 9:36 a.m. ET, the dividend yield is 2%. The average volume for Parker Hannifin has been 1.2 million shares per day over the past 30 days. Parker Hannifin has a market cap of $13.63 billion and is part of the industrial goods sector and industrial industry. Shares are up 8% year to date as of the close of trading on Monday. Parker Hannifin Corporation manufactures fluid power systems, electromechanical controls, and related components worldwide. The company has a P/E ratio of 14.2, below the S&P 500 P/E ratio of 17.7.