Mercury General Stock To Go Ex-dividend Tomorrow (MCY)

NEW YORK ( TheStreet) -- The ex-dividend date for Mercury General Corporation (NYSE: MCY) is tomorrow, June 12, 2012. Owners of shares as of market close today will be eligible for a dividend of 61 cents per share. At a price of $44.30 as of 10:04 a.m. ET, the dividend yield is 5.6%.

The average volume for Mercury General has been 173,200 shares per day over the past 30 days. Mercury General has a market cap of $2.39 billion and is part of the financial sector and insurance industry. Shares are down 5% year to date as of the close of trading on Friday.

Mercury General Corporation, together with its subsidiaries, engages in writing personal automobile insurance products. The company also writes homeowners, commercial automobile and property, mechanical breakdown, fire, and umbrella insurance products. The company has a P/E ratio of 11.6, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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

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