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.

TheStreet Ratings rates Protective Life as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity, impressive record of earnings per share growth and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Protective Life Ratings Report.

See our dividend calendar or top-yielding stocks list.