Cablevision Systems Stock To Go Ex-dividend Tomorrow (CVC)

NEW YORK ( TheStreet) -- The ex-dividend date for Cablevision Systems (NYSE: CVC) is tomorrow, March 7, 2012. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $14.05 as of 9:30 a.m. ET, the dividend yield is 4.1%.

The average volume for Cablevision Systems has been 3.5 million shares per day over the past 30 days. Cablevision Systems has a market cap of $3.19 billion and is part of the services sector and media industry. Shares are up 3.8% year to date as of the close of trading on Monday.

Cablevision Systems Corporation, through its subsidiaries, operates as a telecommunications, media, and entertainment company. The company has a P/E ratio of 17.6, above the average media industry P/E ratio of 12 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Cablevision Systems as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and deteriorating net income. You can view the full Cablevision Systems Ratings Report.

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