Platinum Underwriters Stock To Go Ex-dividend Tomorrow (PTP)

NEW YORK ( TheStreet) -- The ex-dividend date for Platinum Underwriters Holdings (NYSE: PTP) is tomorrow, May 30, 2012. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $36.40 as of 9:30 a.m. ET, the dividend yield is 0.9%.

The average volume for Platinum Underwriters has been 268,300 shares per day over the past 30 days. Platinum Underwriters has a market cap of $1.26 billion and is part of the financial sector and insurance industry. Shares are up 5.9% year to date as of the close of trading on Friday.

Platinum Underwriters Holdings, Ltd., through its subsidiaries, provides property and marine, casualty, and finite risk reinsurance coverage products worldwide. It operates in three segments: Property and Marine, Casualty, and Finite Risk.

TheStreet Ratings rates Platinum Underwriters as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and weak operating cash flow. You can view the full Platinum Underwriters Ratings Report.

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