PartnerRe Stock To Go Ex-dividend Tomorrow (PRE)

NEW YORK ( TheStreet) -- The ex-dividend date for PartnerRe (NYSE: PRE) is tomorrow, May 17, 2012. Owners of shares as of market close today will be eligible for a dividend of 62 cents per share. At a price of $72.95 as of 9:30 a.m. ET, the dividend yield is 3.4%.

The average volume for PartnerRe has been 425,600 shares per day over the past 30 days. PartnerRe has a market cap of $4.73 billion and is part of the financial sector and insurance industry. Shares are up 13.7% year to date as of the close of trading on Tuesday.

PartnerRe Ltd., through its subsidiaries, provides reinsurance services worldwide. The company has a P/E ratio of 8.3, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates PartnerRe 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, compelling growth in net income, attractive valuation levels and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full PartnerRe Ratings Report.

See our dividend calendar or top-yielding stocks list.
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