CBS Stock To Go Ex-dividend Tomorrow (CBS)

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 CBS Corporation (NYSE: CBS) is tomorrow, December 7, 2012. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $35.32 as of 9:30 a.m. ET, the dividend yield is 1.3%.

The average volume for CBS has been 7.2 million shares per day over the past 30 days. CBS has a market cap of $21.22 billion and is part of the services sector and media industry. Shares are up 32.1% year to date as of the close of trading on Wednesday.

CBS Corporation, together with its subsidiaries, operates as a mass media company in the United States and internationally. The company has a P/E ratio of 15.4, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates CBS as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full CBS Ratings Report.

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