Assurant Stock To Go Ex-dividend Tomorrow (AIZ)

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.

NEW YORK ( TheStreet) -- The ex-dividend date for Assurant (NYSE: AIZ) is tomorrow, May 23, 2013. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $50.95 as of 12:55 p.m. ET, the dividend yield is 2%.

The average volume for Assurant has been 809,500 shares per day over the past 30 days. Assurant has a market cap of $3.87 billion and is part of the financial sector and insurance industry. Shares are up 45.8% year to date as of the close of trading on Tuesday.

Assurant, Inc., through its subsidiaries, provides specialized insurance products and related services in North America and internationally. The company has a P/E ratio of 9.5, below the S&P 500 P/E ratio of 17.7.

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

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