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..

The Dow Jones Industrial Average ( ^DJI) is trading down 24.0 points (-0.1%) at 17,881 as of Friday, Jun 5, 2015, 10:36 a.m. ET. During this time, 78.9 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 359.8 million. The NYSE advances/declines ratio sits at 1,335 issues advancing vs. 1,578 declining with 178 unchanged.
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Monday, June 8, 2015 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 61 cents per share. At a price of $100.54 as of 10:37 a.m. ET, the dividend yield is 2.4% 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 $32.19 billion and is part of the financial sector and insurance industry. Shares are down 5.3% year-to-date as of Thursday's close.

The Travelers Companies, Inc., through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the Unites states and internationally. The company has a P/E ratio of 9.8, above the average insurance industry P/E ratio of 9.7.
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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 largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

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