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NEW YORK ( TheStreet) -- The ex-dividend date for Belo Corporation (NYSE: BLC) is tomorrow, November 8, 2011. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $6.41 as of 9:30 a.m. ET, the dividend yield is 3.1%. The average volume for Belo has been one million shares per day over the past 30 days. Belo has a market cap of $601.6 million and is part of the services sector and media industry. Shares are down 9% year to date as of the close of trading on Friday. 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 10.1, equal to the average media industry P/E ratio and below the S&P 500 P/E ratio of 17.7.