Validus Stock To Go Ex-dividend Tomorrow (VR)

NEW YORK ( TheStreet) -- The ex-dividend date for Validus Holdings (NYSE: VR) is tomorrow, March 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $30.72 as of 9:30 a.m. ET, the dividend yield is 3.3%.

The average volume for Validus has been 1.2 million shares per day over the past 30 days. Validus has a market cap of $3.07 billion and is part of the financial sector and insurance industry. Shares are down 2.1% year to date as of the close of trading on Friday.

Validus Holdings, Ltd., through its subsidiaries, provides reinsurance and insurance coverage in the property, marine, and specialty lines markets worldwide. The company has a P/E ratio of 215.5, above the average insurance industry P/E ratio of 42.5 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Validus as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Validus Ratings Report.

See our dividend calendar or top-yielding stocks list.
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