NEW YORK (
) -- The ex-dividend date for
) is Monday, November 28, 2011. Owners of shares as of market close today will be eligible for a dividend of 38 cents per share. At a price of $26.83 as of 9:30 a.m. ET, the dividend yield is 5.7%.
The average volume for Meredith has been 768,500 shares per day over the past 30 days. Meredith has a market cap of $997.1 million and is part of the
industry. Shares are down 22.3% year to date as of the close of trading on Wednesday.
Meredith Corporation, a media and marketing company, engages in magazine publishing and related brand licensing, television broadcasting, integrated marketing, interactive media, and video production businesses in the United States. It operates in two segments, National Media and Local Media. The company has a P/E ratio of 9.7, below the average media industry P/E ratio of 10.2 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Meredith as a
. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full