Focus Media Stock To Go Ex-dividend Tomorrow (FMCN)

NEW YORK ( TheStreet) -- The ex-dividend date for Focus Media (Nasdaq: FMCN) is tomorrow, July 6, 2012. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $22.40 as of 10:05 a.m. ET, the dividend yield is 1%.

The average volume for Focus Media has been 2.2 million shares per day over the past 30 days. Focus Media has a market cap of $3.03 billion and is part of the services sector and media industry. Shares are up 20.2% year to date as of the close of trading on Tuesday.

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 9.5, below the average media industry P/E ratio of 9.8 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Focus Media as a buy. 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, impressive record of earnings per share growth, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Focus Media Ratings Report.

See our dividend calendar or top-yielding stocks list.

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