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NEW YORK ( TheStreet) -- The ex-dividend date for Meadowbrook Insurance Group (NYSE: MIG) is Monday, March 19, 2012. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $9.63 as of 9:35 a.m. ET, the dividend yield is 2.1%. The average volume for Meadowbrook Insurance Group has been 209,800 shares per day over the past 30 days. Meadowbrook Insurance Group has a market cap of $588.6 million and is part of the financial sector and insurance industry. Shares are down 10% year to date as of the close of trading on Thursday. Meadowbrook Insurance Group, Inc., through its subsidiaries, operates as a specialty commercial insurance underwriter and insurance administration services company in the United States. The company has a P/E ratio of 12.2, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 17.7.