The ex-dividend date for Shaw Communications (NYSE:SJR) is tomorrow, May 11, 2011. Owners of shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $20.91 as of 9:32 a.m., the dividend yield is 4.6%.
NEW YORK ( TheStreet) -- The ex-dividend date for Shaw Communications (NYSE: SJR) is tomorrow, May 11, 2011. Owners of shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $20.91 as of 9:32 a.m. ET, the dividend yield is 4.6%. The average volume for Shaw has been 112,500 shares per day over the past 30 days. Shaw has a market cap of $8.6 billion and is part of the services sector and media industry. Shares are down 2.7% year to date as of the previous trading day's close. Shaw Communications Inc., a diversified communications company, provides broadband cable television, Internet, digital phone, telecommunications, and satellite direct-to-home (DTH) services primarily in Canada and the United States. The company has a P/E ratio of 21.2, above the average media industry P/E ratio of 20.4 and above the S&P 500 P/E ratio of 16.2.
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TheStreet Ratings rates Shaw as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in stock price during the past year and increase in net income. However, as a counter to these strengths, we also find weaknesses including generally poor debt management and weak operating cash flow. You can view the full Shaw Ratings Report. See our dividend calendar or top-yielding stocks list.