Time Warner Cable Stock To Go Ex-dividend Tuesday (TWC)

NEW YORK (TheStreet) -- The ex-dividend date for Time Warner Cable (NYSE:TWC) is Tuesday, May 29, 2012. Owners of shares as of market close today will be eligible for a dividend of 56 cents per share. At a price of $76.99 as of 9:30 a.m. ET, the dividend yield is 3%.

The average volume for Time Warner Cable has been 1.6 million shares per day over the past 30 days. Time Warner Cable has a market cap of $23.67 billion and is part of the services sector and media industry. Shares are up 21% year to date as of the close of trading on Thursday.

Time Warner Cable Inc., together with its subsidiaries, operates as a cable operator in the United States. It offers video, high-speed data, and voice services over its broadband cable systems to residential and business service customers. The company has a P/E ratio of 14.5, equal to the average media industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Time Warner Cable as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Time Warner Cable Ratings Report.

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