NEW YORK (

TheStreet

) -- The ex-dividend date for

CTC Media

(Nasdaq:

CTCM

) is tomorrow, August 30, 2011. Owners of shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $16.22 as of 9:30 a.m. ET, the dividend yield is 5.6%.

The average volume for CTC Media has been 380,700 shares per day over the past 30 days. CTC Media has a market cap of $2.5 billion and is part of the

services

sector and

media

industry. Shares are down 32% year to date as of the close of trading on Friday.

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CTC Media, Inc. operates television networks that provide entertainment programming in the Russian Federation and North America. It operates CTC network targeted at 6-54 year-old viewers; Domashny network targeted at 25-60 year-old women; and DTV network targeted at 25-54 year-old viewers. The company has a P/E ratio of 15.2, below the average media industry P/E ratio of 15.4 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates CTC Media as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full

CTC Media Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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