Shaw Stock To Go Ex-dividend Tomorrow (SJR)

NEW YORK ( TheStreet) -- The ex-dividend date for Shaw Communications (NYSE: SJR) is tomorrow, August 11, 2011. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $20.39 as of 9:33 a.m. ET, the dividend yield is 4.7%.

The average volume for Shaw has been 161,700 shares per day over the past 30 days. Shaw has a market cap of $8.3 billion and is part of the services sector and media industry. Shares are down 3.2% year to date as of the close of trading on Tuesday.

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 20.5, above the average media industry P/E ratio of 17.7 and above the S&P 500 P/E ratio of 17.7.
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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 expanding profit margins. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. You can view the full Shaw Ratings Report.

See our dividend calendar or top-yielding stocks list.

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