NEW YORK (

TheStreet

) -- The ex-dividend date for

Avista Corporation

(NYSE:

AVA

) is tomorrow, February 22, 2012. Owners of shares as of market close today will be eligible for a dividend of 29 cents per share. At a price of $25.62 as of 10:04 a.m. ET, the dividend yield is 4.5%.

The average volume for Avista has been 587,200 shares per day over the past 30 days. Avista has a market cap of $1.44 billion and is part of the

utilities

sector and

utilities

industry. Shares are down 0.6% year to date as of the close of trading on Friday.

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 14.9, above the average utilities industry P/E ratio of 14.2 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 revenue growth, notable return on equity and solid stock price performance. 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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