The ex-dividend date for Belo Corporation (NYSE:BLC) is tomorrow, August 10, 2011. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $4.94 as of 9:41 a.m., the dividend yield is 3.7%.
NEW YORK ( TheStreet) -- The ex-dividend date for Belo Corporation (NYSE: BLC) is tomorrow, August 10, 2011. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $4.94 as of 9:41 a.m. ET, the dividend yield is 3.7%. The average volume for Belo has been 964,700 shares per day over the past 30 days. Belo has a market cap of $510 million and is part of the services sector and media industry. Shares are down 30.8% year to date as of the close of trading on Monday. Belo Corp. operates as a television company. The company owns 20 television stations, including ABC, CBS, NBC, FOX, CW, and MyNetwork TV affiliates, as well as their associated Web sites in 15 markets across the United States. The company has a P/E ratio of 8.4, 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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TheStreet Ratings rates Belo as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and generally poor debt management. You can view the full Belo Ratings Report. See our dividend calendar or top-yielding stocks list.