Platinum Underwriters Stock To Go Ex-dividend Tomorrow (PTP)

NEW YORK ( TheStreet) -- The ex-dividend date for Platinum Underwriters Holdings (NYSE: PTP) is tomorrow, November 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $31.74 as of 9:47 a.m. ET, the dividend yield is 1%.

The average volume for Platinum Underwriters has been 379,100 shares per day over the past 30 days. Platinum Underwriters has a market cap of $1.2 billion and is part of the financial sector and insurance industry. Shares are down 31.4% year to date as of the close of trading on Friday.

Platinum Underwriters Holdings, Ltd., through its subsidiaries, provides property and marine, casualty, and finite risk reinsurance products worldwide.

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TheStreet Ratings rates Platinum Underwriters as a hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full Platinum Underwriters Ratings Report.

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