Dow Component Travelers Companies (TRV) To Go Ex-dividend Tomorrow

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

The Dow Jones Industrial Average ( ^DJI) is trading up 147 points (+1%) at 14,274 as of Tuesday, Mar 5, 2013, 10:35 a.m. ET. During this time, 153 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 626.5 million. The NYSE advances/declines ratio sits at 2,264 issues advancing vs. 541 declining with 133 unchanged.
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Wednesday, March 6, 2013 is the ex-dividend date for Dow component Travelers Companies (NYSE: TRV). Owners of shares as of market close today will be eligible for a dividend of 46 cents per share. At a price of $80.91 as of 10:35 a.m. ET, the dividend yield is 2.3% compared to the average Dow component yield of 2.7%.

The average volume for Travelers Companies has been 2.2 million shares per day over the past 30 days. Travelers Companies has a market cap of $30.5 billion and is part of the financial sector and insurance industry. Shares are up 12.1% year to date as of Monday's close.

The Travelers Companies, Inc., through its subsidiaries, provides various commercial and personal property and casualty insurance products and services to businesses, government units, associations, and individuals primarily in the United States. The company has a P/E ratio of 12.8, equal to the average insurance industry P/E ratio.
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TheStreet Ratings rates Travelers Companies 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 good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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