NEW YORK ( TheStreet) -- The ex-dividend date for Allied World Assurance Company Holdings (NYSE: AWH) is tomorrow, December 21, 2011. Owners of shares as of market close today will be eligible for a dividend of 38 cents per share. At a price of $58 as of 9:30 a.m. ET, the dividend yield is 2.5%.

The average volume for Allied World Assurance has been 296,000 shares per day over the past 30 days. Allied World Assurance has a market cap of $2.25 billion and is part of the financial sector and insurance industry. Shares are down 3.8% year to date as of the close of trading on Monday.

Allied World Assurance Company Holdings, AG operates as a specialty insurance and reinsurance company in Bermuda, Hong Kong, Ireland, Singapore, Switzerland, the United Kingdom, and the United States. The company has a P/E ratio of 12.9, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Allied World Assurance 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, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Allied World Assurance Ratings Report.

See our dividend calendar or top-yielding stocks list.
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