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NEW YORK ( TheStreet) -- The ex-dividend date for Meadowbrook Insurance Group (NYSE: MIG) is tomorrow, August 31, 2011. Owners of shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $9.42 as of 10:10 a.m. ET, the dividend yield is 1.7%. The average volume for Meadowbrook Insurance Group has been 267,500 shares per day over the past 30 days. Meadowbrook Insurance Group has a market cap of $492.3 million and is part of the financial sector and insurance industry. Shares are down 5.8% year to date as of the close of trading on Monday. Meadowbrook Insurance Group, Inc., through its subsidiaries, operates as a specialty commercial insurance underwriter and insurance administration services company in the United States. The company has a P/E ratio of nine, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 17.7.