NEW YORK ( TheStreet) -- The ex-dividend date for Meredith Corporation (NYSE: MDP) is tomorrow, May 26, 2011. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $30.77 as of 9:31 a.m. ET, the dividend yield is 3.3%. The average volume for Meredith has been 461,600 shares per day over the past 30 days. Meredith has a market cap of $1.1 billion and is part of the services sector and media industry. Shares are down 11.2% year to date as of the close of trading on Tuesday. Meredith Corporation, a media and marketing company, engages in magazine and book publishing, television broadcasting, integrated marketing, and interactive media business in the United States. It operates in two segments, Publishing and Broadcasting. The company has a P/E ratio of 11, 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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