CTC Media Stock To Go Ex-dividend Tomorrow (CTCM)

NEW YORK ( TheStreet) -- The ex-dividend date for CTC Media (Nasdaq: CTCM) is tomorrow, May 30, 2012. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $9.34 as of 10 a.m. ET, the dividend yield is 5.6%.

The average volume for CTC Media has been 516,000 shares per day over the past 30 days. CTC Media has a market cap of $1.48 billion and is part of the services sector and media industry. Shares are up 6.6% year to date as of the close of trading on Friday.

CTC Media, Inc., together with its subsidiaries, operates as an independent media company. It operates the CTC, Domashny, and Peretz television networks in Russia. The company has a P/E ratio of 22.8, below the average media industry P/E ratio of 23.4 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates CTC Media as a hold. The company's strengths can be seen in multiple areas, such as its robust 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, weak operating cash flow and disappointing return on equity. You can view the full CTC Media Ratings Report.

See our dividend calendar or top-yielding stocks list.
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