Principal Financial Group Stock To Go Ex-dividend Tomorrow (PFG)

NEW YORK ( TheStreet) -- The ex-dividend date for Principal Financial Group (NYSE: PFG) is tomorrow, May 31, 2012. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $24.77 as of 9:30 a.m. ET, the dividend yield is 2.9%.

The average volume for Principal Financial Group has been 2.2 million shares per day over the past 30 days. Principal Financial Group has a market cap of $7.34 billion and is part of the financial sector and financial services industry. Shares are up 2.1% year to date as of the close of trading on Tuesday.

Principal Financial Group, Inc. provides retirement savings, investment, and insurance products and services. The company has a P/E ratio of 10.9, below the average financial services industry P/E ratio of 11.1 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Principal Financial Group as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, notable return on equity and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Principal Financial Group Ratings Report.

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