NEW YORK ( TheStreet) -- The ex-dividend date for Meredith Corporation (NYSE: MDP) is Monday, August 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 26 cents per share. At a price of $23.36 as of 9:30 a.m. ET, the dividend yield is 4.2%. The average volume for Meredith has been 704,000 shares per day over the past 30 days. Meredith has a market cap of $893.4 million and is part of the services sector and media industry. Shares are down 32.3% year to date as of the close of trading on Thursday. 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 8.5, below the average media industry P/E ratio of 8.7 and below the S&P 500 P/E ratio of 17.7.
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