NEW YORK (

TheStreet

) -- The ex-dividend date for

Time Warner

(NYSE:

TWX

) is tomorrow, February 24, 2011. Owners of shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $37.63 as of 9:32 a.m. ET, the dividend yield is 2.5%.

The average volume for Time Warner has been eight million shares per day over the past 30 days. Time Warner has a market cap of $42.4 billion and is part of the

services

sector and

media

industry. Shares are up 17.2% year to date as of the close of trading on Tuesday.

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 17, 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 as buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and attractive valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full

Time Warner Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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