NEW YORK ( TheStreet) -- The ex-dividend date for Protective Life (NYSE: PL) is tomorrow, November 8, 2011. Owners of shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $20.93 as of 9:31 a.m. ET, the dividend yield is 3%. The average volume for Protective Life has been 945,900 shares per day over the past 30 days. Protective Life has a market cap of $1.6 billion and is part of the financial sector and insurance industry. Shares are down 20.1% year to date as of the close of trading on Friday. Protective Life Corporation and its subsidiaries engage in the production, distribution, and administration of insurance and investment products in the United States. It operates in five segments: Life Marketing, Acquisitions, Annuities, Stable Value Products, and Asset Protection. The company has a P/E ratio of 6.1, above the average insurance industry P/E ratio of 5.2 and below the S&P 500 P/E ratio of 17.7.
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