NEW YORK ( TheStreet) -- The ex-dividend date for XL Group plc (NYSE: XL) is tomorrow, March 11, 2011. Owners of shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $22.40 as of 10:22 a.m. ET, the dividend yield is 1.9%. The average volume for XL Group plc has been 4.1 million shares per day over the past 30 days. XL Group plc has a market cap of $7.2 billion and is part of the financial sector and insurance industry. Shares are up 5.3% year to date as of the close of trading on Wednesday. XL Group plc, through its subsidiaries, provides insurance and reinsurance coverages to industrial, commercial, and professional firms, insurance companies, and other enterprises worldwide. The company operates in three segments: Insurance, Reinsurance, and Life Operations. The company has a P/E ratio of 13.4, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 17.5. TheStreet Ratings rates XL Group plc as hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins. You can view the full XL Group plc Ratings Report. See our dividend calendar or top-yielding stocks list.
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