NEW YORK (

TheStreet

) -- The ex-dividend date for

Avista

(NYSE:

AVA

) is tomorrow, May 24, 2011. Owners of shares as of market close today will be eligible for a dividend of 27 cents per share. At a price of $24.91 as of 9:30 a.m. ET, the dividend yield is 4.4%.

The average volume for Avista has been 284,700 shares per day over the past 30 days. Avista has a market cap of $1.5 billion and is part of the

utilities

sector and

utilities

industry. Shares are up 11.7% year to date as of the close of trading on Friday.

TheStreet Recommends

Avista Corporation, an energy company, engages in the generation, transmission, and distribution of energy and energy-related businesses in the United States and Canada. The company operates through two segments, Avista Utilities and Advantage IQ. The company has a P/E ratio of 13.6, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

  • Practice your dividend trading strategies and win cash in our stock game.

TheStreet Ratings rates Avista as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full

Avista Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

null