Dow Component Travelers Companies (TRV) To Go Ex-dividend Tomorrow
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link
.
The
Dow Jones Industrial Average
(
^DJI
) is trading up 57 points (+0.3%) at 18,153 as of Thursday, Mar 5, 2015, 10:36 a.m. ET. During this time, 60 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 375 million. The NYSE advances/declines ratio sits at 1,688 issues advancing vs. 1,144 declining with 204 unchanged.
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Friday, March 6, 2015 is the ex-dividend date for Dow component
(NYSE:
). Owners of shares as of market close today will be eligible for a dividend of 55 cents per share. At a price of $107.34 as of 10:36 a.m. ET, the dividend yield is 2% compared to the average Dow component yield of 2.6%.
The average volume for Travelers Companies has been two million shares per day over the past 30 days. Travelers Companies has a market cap of $34.51 billion and is part of the financial sector and insurance industry. Shares are up 1% year-to-date as of Wednesday's close.
The Travelers Companies, Inc., through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the Unites states and internationally. The company has a P/E ratio of 10, equal to the average insurance industry P/E ratio.
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TheStreet Ratings rates Travelers Companies as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
- You can view the full Travelers Companies Ratings Report.
.
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