NEW YORK (

TheStreet

) -- The ex-dividend date for

Cablevision Systems

(NYSE:

CVC

) is tomorrow, February 24, 2011. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $36.80 as of 9:30 a.m. ET, the dividend yield is 1.3%.

The average volume for Cablevision Systems has been 3.3 million shares per day over the past 30 days. Cablevision Systems has a market cap of $8.9 billion and is part of the

services

sector and

media

industry. Shares are up 8.7% year to date as of the close of trading on Tuesday.

Cablevision Systems Corporation, through its subsidiaries, operates as a telecommunications, media, and entertainment company. Its cable television operations serve approximately 5 million households and businesses in the New York metropolitan area. The company has a P/E ratio of 31.1, below the average media industry P/E ratio of 31.4 and above the S&P 500 P/E ratio of 23.2.

TheStreet Ratings rates Cablevision Systems as hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full

Cablevision Systems Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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