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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

The Dow Jones Industrial Average ( ^DJI) is trading up four points at 14,934 as of Thursday, Sep 5, 2013, 10:35 a.m. ET. During this time, 123.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 525.4 million. The NYSE advances/declines ratio sits at 1,352 issues advancing vs. 1,406 declining with 144 unchanged.
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Friday, September 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 50 cents per share. At a price of $80.75 as of 10:35 a.m. ET, the dividend yield is 2.5% compared to the average Dow component yield of 2.7%.

The average volume for Travelers Companies has been two million shares per day over the past 30 days. Travelers Companies has a market cap of $30.09 billion and is part of the financial sector and insurance industry. Shares are up 12.9% year to date as of Wednesday'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 10.4, 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 revenue growth, good cash flow from operations, compelling growth in net income, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins.

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