Tower Group Stock To Go Ex-dividend Tomorrow (TWGP)

NEW YORK ( TheStreet) -- The ex-dividend date for Tower Group (Nasdaq: TWGP) is tomorrow, June 7, 2012. Owners of shares as of market close today will be eligible for a dividend of 19 cents per share. At a price of $19.75 as of 9:30 a.m. ET, the dividend yield is 3.8%.

The average volume for Tower Group has been 197,500 shares per day over the past 30 days. Tower Group has a market cap of $769.8 million and is part of the financial sector and insurance industry. Shares are down 3.2% year to date as of the close of trading on Tuesday.

Tower Group, Inc., through its subsidiaries, provides commercial, specialty, and personal property and casualty insurance products and services to businesses in various industries and to individuals in the United States. The company has a P/E ratio of 14.1, below the average insurance industry P/E ratio of 14.4 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Tower Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full Tower Group Ratings Report.

See our dividend calendar or top-yielding stocks list.
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