Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model NEW YORK ( TheStreet) -- The ex-dividend date for News Corporation (Nasdaq: NWS) is Monday, September 10, 2012. Owners of shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $24.63 as of 10:10 a.m. ET, the dividend yield is 0.7%. The average volume for News has been 3.4 million shares per day over the past 30 days. News has a market cap of $19.07 billion and is part of the services sector and media industry. Shares are up 31.4% year to date as of the close of trading on Thursday. News Corporation operates as a diversified media company worldwide. The company has a P/E ratio of 50.8, above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates News as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full News Ratings Report. See our dividend calendar or top-yielding stocks list. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.