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NEW YORK ( TheStreet) -- The ex-dividend date for Time Warner Cable (NYSE: TWC) is Monday, February 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 56 cents per share. At a price of $77.31 as of 9:30 a.m. ET, the dividend yield is 2.9%. The average volume for Time Warner Cable has been 2.4 million shares per day over the past 30 days. Time Warner Cable has a market cap of $21.9 billion and is part of the services sector and media industry. Shares are up 21.5% year to date as of the close of trading on Thursday. Time Warner Cable Inc., together with its subsidiaries, operates as a cable operator in the United States. It offers video, high-speed data, and voice services over its broadband cable systems to residential and commercial customers. The company has a P/E ratio of 15.4, below the average media industry P/E ratio of 15.8 and below the S&P 500 P/E ratio of 17.7.