The ex-dividend date for ACE (NYSE:ACE) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 47 cents per share. At a price of $74.07 as of 9:30 a.m., the dividend yield is 2.6%.
NEW YORK ( TheStreet) -- The ex-dividend date for ACE (NYSE: ACE) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 47 cents per share. At a price of $74.07 as of 9:30 a.m. ET, the dividend yield is 2.6%. The average volume for ACE has been two million shares per day over the past 30 days. ACE has a market cap of $23.97 billion and is part of the financial sector and insurance industry. Shares are up 3.8% year to date as of the close of trading on Monday. ACE Limited, through its subsidiaries, provides a range of insurance and reinsurance products to insureds worldwide. The company has a P/E ratio of 10.9, below the average insurance industry P/E ratio of 13.2 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates ACE 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, attractive valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full ACE Ratings Report. See our dividend calendar or top-yielding stocks list.