Flagstone Reinsurance Stock To Go Ex-dividend Tomorrow (FSR)

NEW YORK ( TheStreet) -- The ex-dividend date for Flagstone Reinsurance Holdings (NYSE: FSR) is tomorrow, March 15, 2012. Owners of shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $8.36 as of 9:35 a.m. ET, the dividend yield is 1.9%.

The average volume for Flagstone Reinsurance has been 134,500 shares per day over the past 30 days. Flagstone Reinsurance has a market cap of $593.4 million and is part of the financial sector and insurance industry. Shares are up 2.3% year to date as of the close of trading on Tuesday.

Flagstone Reinsurance Holdings, S.A., through its subsidiaries, operates as a reinsurance and insurance company worldwide. The company primarily writes property, property catastrophe, and short-tail specialty and casualty reinsurance products.

TheStreet Ratings rates Flagstone Reinsurance 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 deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full Flagstone Reinsurance Ratings Report.

See our dividend calendar or top-yielding stocks list.

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