Axis Stock To Go Ex-dividend Tomorrow (AXS)

NEW YORK ( TheStreet) -- The ex-dividend date for Axis Capital Holdings (NYSE: AXS) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $33.28 as of 9:34 a.m. ET, the dividend yield is 2.9%.

The average volume for Axis has been 936,800 shares per day over the past 30 days. Axis has a market cap of $4 billion and is part of the financial sector and insurance industry. Shares are up 4.5% year to date as of the close of trading on Monday.

AXIS Capital Holdings Limited, through its subsidiaries, provides various insurance and reinsurance products to insureds and reinsureds worldwide. The company operates in two segments, Insurance and Reinsurance. The company has a P/E ratio of 466.9, above the average insurance industry P/E ratio of 29.4 and above the S&P 500 P/E ratio of 17.7.

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

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