The ex-dividend date for Proassurance Corporation (NYSE:PRA) is Monday, June 25, 2012. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $84.55 as of 9:30 a.m., the dividend yield is 1.2%.
NEW YORK ( TheStreet) -- The ex-dividend date for Proassurance Corporation (NYSE: PRA) is Monday, June 25, 2012. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $84.55 as of 9:30 a.m. ET, the dividend yield is 1.2%. The average volume for Proassurance has been 146,000 shares per day over the past 30 days. Proassurance has a market cap of $2.61 billion and is part of the financial sector and insurance industry. Shares are up 5.1% year to date as of the close of trading on Thursday. ProAssurance Corporation, through its subsidiaries, provides professional liability insurance products primarily to healthcare service, and legal service, and other professional service providers in the United States. The company has a P/E ratio of 9.1, above the average insurance industry P/E ratio of 8.9 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Proassurance 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 expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Proassurance Ratings Report. See our dividend calendar or top-yielding stocks list.