NEW YORK (
) -- The ex-dividend date for
) is tomorrow, September 28, 2011. Owners of shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $62.06 as of 9:30 a.m. ET, the dividend yield is 2.3%.
The average volume for ACE has been 2.4 million shares per day over the past 30 days. ACE has a market cap of $20.2 billion and is part of the
industry. Shares are down 4.1% year to date as of the close of trading on Monday.
ACE Limited, through its subsidiaries, provides a range of insurance and reinsurance products to insureds worldwide. The company operates in four segments: Insurance North American, Insurance Overseas General, Global Reinsurance, and Life. The company has a P/E ratio of eight, 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 ACE 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, attractive valuation levels, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full