NEW YORK ( TheStreet) -- The ex-dividend date for Tower Group (Nasdaq: TWGP) is tomorrow, December 14, 2011. Owners of shares as of market close today will be eligible for a dividend of 19 cents per share. At a price of $20.85 as of 10:09 a.m. ET, the dividend yield is 3.6%. The average volume for Tower Group has been 291,700 shares per day over the past 30 days. Tower Group has a market cap of $827.1 million and is part of the financial sector and insurance industry. Shares are down 19% year to date as of the close of trading on Monday. Tower Group, Inc., through its subsidiaries, provides a range of commercial, personal, and specialty property and casualty insurance products and services to businesses in various industries and to individuals in the United States. The company has a P/E ratio of 10.4, below the average insurance industry P/E ratio of 12.2 and below the S&P 500 P/E ratio of 17.7.
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