NEW YORK (
) -- The ex-dividend date for
ITC Holdings Corporation
) is tomorrow, February 25, 2011. Owners of shares as of market close today will be eligible for a dividend of 34 cents per share. At a price of $66.74 as of 9:31 a.m. ET, the dividend yield is 2%.
The average volume for ITC has been 189,600 shares per day over the past 30 days. ITC has a market cap of $3.4 billion and is part of the
industry. Shares are up 8.1% year to date as of the close of trading on Wednesday.
ITC Holdings Corp., through its subsidiaries, engages in the transmission of electricity in the United States. The company has a P/E ratio of 24.3, equal to the average utilities industry P/E ratio and above the S&P 500 P/E ratio of 22.7.
TheStreet Ratings rates ITC as buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full