Alterra Stock To Go Ex-dividend Tomorrow (ALTE)

NEW YORK ( TheStreet) -- The ex-dividend date for Alterra Capital Holdings (Nasdaq: ALTE) is tomorrow, November 10, 2011. Owners of shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $22.81 as of 9:51 a.m. ET, the dividend yield is 2.5%.

The average volume for Alterra has been 457,900 shares per day over the past 30 days. Alterra has a market cap of $2.3 billion and is part of the financial sector and insurance industry. Shares are up 3.2% year to date as of the close of trading on Tuesday.

Alterra Capital Holdings Limited, through its subsidiaries, provides specialty insurance and reinsurance products to corporations, public entities, and property and casualty insurers principally in Bermuda, Ireland, the United States, and the United Kingdom. The company has a P/E ratio of 22.6, above the average insurance industry P/E ratio of 22.4 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Alterra as a buy. The company's strengths can be seen in multiple areas, such as its 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 somewhat weak growth in earnings per share. You can view the full Alterra Ratings Report.

See our dividend calendar or top-yielding stocks list.

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