Meadowbrook Insurance Group Stock To Go Ex-dividend Tomorrow (MIG)

NEW YORK ( TheStreet) -- The ex-dividend date for Meadowbrook Insurance Group (NYSE: MIG) is tomorrow, May 9, 2012. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $8.50 as of 9:30 a.m. ET, the dividend yield is 2.4%.

The average volume for Meadowbrook Insurance Group has been 187,100 shares per day over the past 30 days. Meadowbrook Insurance Group has a market cap of $429.3 million and is part of the financial sector and insurance industry. Shares are down 19.9% year to date as of the close of trading on Monday.

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 11.8, above the average insurance industry P/E ratio of 10.2 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Meadowbrook Insurance Group 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 and attractive valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Meadowbrook Insurance Group Ratings Report.

See our dividend calendar or top-yielding stocks list.
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