Employers Stock To Go Ex-dividend Tomorrow (EIG)

NEW YORK ( TheStreet) -- The ex-dividend date for Employers Holdings (NYSE: EIG) is tomorrow, May 18, 2012. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $16.70 as of 9:30 a.m. ET, the dividend yield is 1.4%. The average volume for Employers has been 175,900 shares per day over the past 30 days. Employers has a market cap of $536.2 million and is part of the financial sector and insurance industry. Shares are down 6.2% year to date as of the close of trading on Wednesday. Employers Holdings, Inc., through its subsidiaries, operates in the commercial property and casualty insurance industry in the United States. It provides workers' compensation insurance to small businesses engaged in low to medium hazard industries. The company has a P/E ratio of 13.4, below the average insurance industry P/E ratio of 13.5 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Employers as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Employers Ratings Report. See our dividend calendar or top-yielding stocks list.