Time Warner Cable Stock To Go Ex-dividend Tomorrow (TWC)
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model NEW YORK (TheStreet) -- The ex-dividend date for Time Warner Cable (NYSE:TWC) is tomorrow, August 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 $89.52 as of 9:30 a.m. ET, the dividend yield is 2.5%. The average volume for Time Warner Cable has been 1.7 million shares per day over the past 30 days. Time Warner Cable has a market cap of $27.44 billion and is part of the services sector and media industry. Shares are up 41.4% year to date as of the close of trading on Monday. 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 16.5, 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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