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

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 down 33.0 points (-0.2%) at 17,036 as of Friday, Sep 5, 2014, 10:36 a.m. ET. During this time, 50.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 297 million. The NYSE advances/declines ratio sits at 1,004 issues advancing vs. 1,854 declining with 212 unchanged.
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Monday, September 8, 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 $93.82 as of 10:36 a.m. ET, the dividend yield is 2.3% compared to the average Dow component yield of 2.6%.

The average volume for Travelers Companies has been 1.8 million shares per day over the past 30 days. Travelers Companies has a market cap of $32.03 billion and is part of the financial sector and insurance industry. Shares are up 4.1% year-to-date as of Thursday'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 9.5, 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, largely solid financial position with reasonable debt levels by most measures, notable return on equity, increase in stock price during the past year and attractive valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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