NEW YORK ( TheStreet) -- The ex-dividend date for Time Warner (NYSE: TWX) is Monday, February 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 26 cents per share. At a price of $37.38 as of 9:30 a.m. ET, the dividend yield is 2.8%. The average volume for Time Warner has been 6.8 million shares per day over the past 30 days. Time Warner has a market cap of $37.6 billion and is part of the services sector and media industry. Shares are up 3.2% year to date as of the close of trading on Thursday. Time Warner Inc. operates as a media and entertainment company in the United States and internationally. It operates in three segments: Networks, Filmed Entertainment, and Publishing. The company has a P/E ratio of 14.1, below the average media industry P/E ratio of 14.2 and below the S&P 500 P/E ratio of 17.7.
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