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TheStreet Wire

Platinum Underwriters Stock To Go Ex-dividend Tomorrow (PTP)

By TheStreet Wire 08/29/11 - 09:59 AM EDT

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NEW YORK (TheStreet) -- The ex-dividend date for Platinum Underwriters Holdings (NYSE:PTP) is tomorrow, August 30, 2011. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $29.46 as of 9:34 a.m. ET, the dividend yield is 1.1%.

The average volume for Platinum Underwriters has been 355,300 shares per day over the past 30 days. Platinum Underwriters has a market cap of $1.1 billion and is part of the financial sector and insurance industry. Shares are down 35.6% year to date as of the close of trading on Friday.

Platinum Underwriters Holdings, Ltd., through its subsidiaries, provides property and marine, casualty, and finite risk reinsurance products worldwide.

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TheStreet Ratings rates Platinum Underwriters as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full Platinum Underwriters Ratings Report.

See our dividend calendar or top-yielding stocks list.

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