Montpelier RE Stock To Go Ex-dividend Tomorrow (MRH)

NEW YORK ( TheStreet) -- The ex-dividend date for Montpelier RE Holdings (NYSE: MRH) is tomorrow, June 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $20.60 as of 9:30 a.m. ET, the dividend yield is 2%.

The average volume for Montpelier RE has been 469,400 shares per day over the past 30 days. Montpelier RE has a market cap of $1.19 billion and is part of the financial sector and insurance industry. Shares are up 17% year to date as of the close of trading on Monday.

Montpelier Re Holdings Ltd., through its subsidiaries, provides insurance and reinsurance solutions worldwide. The company has a P/E ratio of 14.8, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Montpelier RE as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Montpelier RE Ratings Report.

See our dividend calendar or top-yielding stocks list.
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