Axis Stock To Go Ex-dividend Tomorrow (AXS)

NEW YORK ( TheStreet) -- The ex-dividend date for Axis Capital Holdings (NYSE: AXS) is tomorrow, June 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $31.63 as of 9:30 a.m. ET, the dividend yield is 3%.

The average volume for Axis has been 945,300 shares per day over the past 30 days. Axis has a market cap of $4.17 billion and is part of the financial sector and insurance industry. Shares are down 1.3% year to date as of the close of trading on Monday.

AXIS Capital Holdings Limited, through its subsidiaries, provides various insurance and reinsurance products to insureds and reinsureds worldwide. The company operates in two segments, Insurance and Reinsurance. The company has a P/E ratio of 7.3, below the average insurance industry P/E ratio of 7.9 and below the S&P 500 P/E ratio of 17.7.

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

See our dividend calendar or top-yielding stocks list.

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