Everest Re Group Stock To Go Ex-dividend Tomorrow (RE)

NEW YORK ( TheStreet) -- The ex-dividend date for Everest Re Group (NYSE: RE) is tomorrow, May 25, 2012. Owners of shares as of market close today will be eligible for a dividend of 48 cents per share. At a price of $99.80 as of 9:30 a.m. ET, the dividend yield is 1.9%.

The average volume for Everest Re Group has been 408,200 shares per day over the past 30 days. Everest Re Group has a market cap of $5.24 billion and is part of the financial sector and insurance industry. Shares are up 18.6% year to date as of the close of trading on Wednesday.

Everest Re Group, Ltd., together with its subsidiaries, underwrites reinsurance and insurance in the United States (U.S.), Bermuda, and international markets. It operates in four segments: U.S. Reinsurance, Insurance, International, and Bermuda. The U.S. The company has a P/E ratio of 9.9, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Everest Re Group as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Everest Re Group Ratings Report.

See our dividend calendar or top-yielding stocks list.
null