NEW YORK (

TheStreet

) -- The ex-dividend date for

Time Warner Inc

(NYSE:

TWX

) is Monday, August 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $29.11 as of 9:30 a.m. ET, the dividend yield is 3.2%.

The average volume for Time Warner has been nine million shares per day over the past 30 days. Time Warner has a market cap of $31.2 billion and is part of the

services

sector and

media

industry. Shares are down 9.2% year to date as of the close of trading on Thursday.

TheStreet Recommends

Time Warner Inc. operates as a media and entertainment company in the United States and internationally. It operates in three segments: Networks, Filmed Entertainment, and Publishing. The company has a P/E ratio of 12.9, 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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TheStreet Ratings rates Time Warner as a

hold

. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth and attractive valuation levels. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full

Time Warner Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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