NEW YORK (
) -- The ex-dividend date for
Time Warner Cable
) is tomorrow, February 24, 2011. Owners of shares as of market close today will be eligible for a dividend of 48 cents per share. At a price of $69.94 as of 9:32 a.m. ET, the dividend yield is 2.7%.
The average volume for Time Warner Cable has been 2.2 million shares per day over the past 30 days. Time Warner Cable has a market cap of $25.6 billion and is part of the
industry. Shares are up 5.8% year to date as of the close of trading on Tuesday.
Time Warner Cable Inc. provides video, data, and voice service over its broadband cable systems to residential and commercial customers in the United States. It offers a range of residential video services, including on-demand, high-definition (HD), and digital video recorder (DVR) services. The company has a P/E ratio of 19.8, equal to the average media industry P/E ratio and below the S&P 500 P/E ratio of 23.2.
TheStreet Ratings rates Time Warner Cable as buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, notable return on equity and good cash flow from operations. 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