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 Corrections Corporation of America (NYSE: CXW) is Monday, July 1, 2013. Owners of shares as of market close today will be eligible for a dividend of 48 cents per share. At a price of $33.95 as of 9:35 a.m. ET, the dividend yield is 5.7%. The average volume for Corrections Corporation of America has been 1.6 million shares per day over the past 30 days. Corrections Corporation of America has a market cap of $3.43 billion and is part of the services sector and diversified services industry. Shares are down 3.6% year to date as of the close of trading on Thursday. Corrections Corporation of America, together with its subsidiaries, owns and operates privatized correctional and detention facilities in the United States. The company has a P/E ratio of 11.3, below the S&P 500 P/E ratio of 17.7.