NEW YORK ( TheStreet) -- The ex-dividend date for Arbitron Corporation (NYSE: ARB) is tomorrow, March 11, 2011. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $38.61 as of 10:21 a.m. ET, the dividend yield is 1%.

The average volume for Arbitron has been 235,600 shares per day over the past 30 days. Arbitron has a market cap of $1.1 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 Wednesday.

Arbitron Inc. provides media and marketing information services in the United States and internationally. The company has a P/E ratio of 24.3, equal to the average media industry P/E ratio and above the S&P 500 P/E ratio of 17.5.

TheStreet Ratings rates Arbitron as buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Arbitron Ratings Report.

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