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 15 points at 16,752 as of Thursday, Jun 5, 2014, 10:36 a.m. ET. During this time, 53.5 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 355.2 million. The NYSE advances/declines ratio sits at 1,551 issues advancing vs. 1,276 declining with 203 unchanged.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Friday, June 6, 2014 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 55 cents per share. At a price of $94.34 as of 10:36 a.m. ET, the dividend yield is 2.4% compared to the average Dow component yield of 2.6%.

The average volume for Travelers Companies has been 2.3 million shares per day over the past 30 days. Travelers Companies has a market cap of $32.46 billion and is part of the financial sector and insurance industry. Shares are up 4.6% 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 in the United States. The company has a P/E ratio of nine, equal to the average insurance industry P/E ratio.
  • Practice your dividend trading strategies and win cash in our stock game.

TheStreet Ratings rates Travelers Companies as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, increase in stock price during the past year and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
null

If you liked this article you might like

Allstate and Travelers Likely Spared From Worst Hurricane Irma, Harvey Damages

Travelers Halts Share Buybacks as Hurricane Harvey Losses Mount

How to Make Easy Money on Apple's iPhone X Worldwide Reveal: Market Recon

Travelers Halts Buybacks as it Reviews Losses From Hurricanes Harvey and Irma