NEW YORK (

TheStreet

) -- The ex-dividend date for

Avista Corporation

(NYSE:

AVA

) is tomorrow, August 23, 2011. Owners of shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $23.67 as of 9:36 a.m. ET, the dividend yield is 4.7%.

The average volume for Avista has been 392,400 shares per day over the past 30 days. Avista has a market cap of $1.4 billion and is part of the

utilities

sector and

utilities

industry. Shares are up 3.3% 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 other energy-related businesses in the United States and Canada. It operates in two segments, Avista Utilities and Advantage IQ. The company has a P/E ratio of 13.2, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Avista as a

buy

. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Avista Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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