NEW YORK (

TheStreet

) -- The ex-dividend date for

Time Warner

(NYSE:

TWX

) is Tuesday, May 29, 2012. Owners of shares as of market close today will be eligible for a dividend of 26 cents per share. At a price of $34.57 as of 9:30 a.m. ET, the dividend yield is 3%.

The average volume for Time Warner has been seven million shares per day over the past 30 days. Time Warner has a market cap of $33.17 billion and is part of the

services

sector and

media

industry. Shares are down 4.3% year to date as of the close of trading on Thursday.

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 12.7, equal to the average media industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

  • Sign up for TheStreet's FREE Dividend and Income Investor Newsletter

TheStreet Ratings rates Time Warner as a

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, attractive valuation levels, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Time Warner Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

null