NEW YORK (

TheStreet

) -- The ex-dividend date for

ITC Holdings

(NYSE:

ITC

) is tomorrow, August 30, 2011. Owners of shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $76.30 as of 9:35 a.m. ET, the dividend yield is 1.9%.

The average volume for ITC has been 297,800 shares per day over the past 30 days. ITC has a market cap of $3.8 billion and is part of the

utilities

sector and

utilities

industry. Shares are up 21.7% year to date as of the close of trading on Friday.

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ITC Holdings Corp., through its subsidiaries, engages in the transmission of electricity in the United States. The company has a P/E ratio of 24.2, equal to the average utilities industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates ITC as a

buy

. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, expanding profit margins, solid stock price performance and notable return on equity. 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

ITC Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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