Assurant Stock To Go Ex-dividend Tomorrow (AIZ)

NEW YORK (TheStreet) -- The ex-dividend date for Assurant (NYSE:AIZ) is tomorrow, May 24, 2012. Owners of shares as of market close today will be eligible for a dividend of 21 cents per share. At a price of $34.08 as of 9:30 a.m. ET, the dividend yield is 2.3%.

The average volume for Assurant has been 1.3 million shares per day over the past 30 days. Assurant has a market cap of $3.08 billion and is part of the financial sector and insurance industry. Shares are down 16.3% year to date as of the close of trading on Tuesday.

Assurant, Inc., through its subsidiaries, provides specialized insurance products and related services in the North America and internationally. It operates in four segments: Assurant Solutions, Assurant Specialty Property, Assurant Health, and Assurant Employee Benefits. The company has a P/E ratio of six, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Assurant as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Assurant Ratings Report.

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