NEW YORK ( TheStreet) -- The ex-dividend date for Focus Media (Nasdaq: FMCN) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $28.54 as of 9:30 a.m. ET, the dividend yield is 0.4%. The average volume for Focus Media has been 5.8 million shares per day over the past 30 days. Focus Media has a market cap of $2.74 billion and is part of the services sector and media industry. Shares are up 45.9% year to date as of the close of trading on Monday. Focus Media Holding Limited, a multi-platform digital media company, operates liquid crystal display (LCD) network using audiovisual digital displays in China. The company has a P/E ratio of 14, above the average media industry P/E ratio of 11.4 and below the S&P 500 P/E ratio of 17.7.
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