NEW YORK ( TheStreet) -- The ex-dividend date for Protective Life (NYSE: PL) is tomorrow, May 23, 2012. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $25.86 as of 9:30 a.m. ET, the dividend yield is 2.9%. The average volume for Protective Life has been 679,700 shares per day over the past 30 days. Protective Life has a market cap of $2.09 billion and is part of the financial sector and insurance industry. Shares are up 14.2% year to date as of the close of trading on Monday. Protective Life Corporation and its subsidiaries engage in the production, distribution, and administration of insurance and investment products in the United States. The company has a P/E ratio of 5.7, below the average insurance industry P/E ratio of six and below the S&P 500 P/E ratio of 17.7.
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