Belo Stock To Go Ex-dividend Tomorrow (BLC)

NEW YORK ( TheStreet) -- The ex-dividend date for Belo Corporation (NYSE: BLC) is tomorrow, May 9, 2012. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $6.49 as of 9:30 a.m. ET, the dividend yield is 5%.

The average volume for Belo has been 554,900 shares per day over the past 30 days. Belo has a market cap of $599.4 million and is part of the services sector and media industry. Shares are up 4.3% year to date as of the close of trading on Monday.

Belo Corp. operates as a television company in the United States. 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. The company has a P/E ratio of 8.7, equal to the average media industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Belo as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, generally poor debt management and poor profit margins. You can view the full Belo Ratings Report.

See our dividend calendar or top-yielding stocks list.
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