Validus Stock To Go Ex-dividend Tomorrow (VR)

NEW YORK ( TheStreet) -- The ex-dividend date for Validus Holdings (NYSE: VR) is tomorrow, June 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $31.76 as of 9:30 a.m. ET, the dividend yield is 3.2%.

The average volume for Validus has been 869,100 shares per day over the past 30 days. Validus has a market cap of $3.15 billion and is part of the financial sector and insurance industry. Shares are up 1.2% year to date as of the close of trading on Monday.

Validus Holdings, Ltd., through its subsidiaries, provides reinsurance and insurance coverage in the property, marine, and specialty lines markets worldwide. The company has a P/E ratio of 10.2, below the average insurance industry P/E ratio of 10.5 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Validus as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, expanding profit margins 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 Validus Ratings Report.

See our dividend calendar or top-yielding stocks list.

null

More from Markets

Ackman Investment Buoys Lowe's; DraftKings Responds to FanDuel Merger -- ICYMI

Ackman Investment Buoys Lowe's; DraftKings Responds to FanDuel Merger -- ICYMI

Replay: Jim Cramer on the Markets, Tiffany, Micron Technology and Union Pacific

Replay: Jim Cramer on the Markets, Tiffany, Micron Technology and Union Pacific

Carnival CEO Arnold Donald: China Will Become the Largest Cruise Market

Carnival CEO Arnold Donald: China Will Become the Largest Cruise Market

Red Robin Slumps After Earnings Miss

Red Robin Slumps After Earnings Miss

Owner of Moviepass Sees Stock Plummet

Owner of Moviepass Sees Stock Plummet