NEW YORK ( TheStreet) -- The ex-dividend date for UIL Holdings Corporation (NYSE: UIL) is tomorrow, June 15, 2011. Owners of shares as of market close today will be eligible for a dividend of 43 cents per share. At a price of $31.94 as of 9:32 a.m. ET, the dividend yield is 5.5%.

The average volume for UIL has been 399,700 shares per day over the past 30 days. UIL has a market cap of $1.6 billion and is part of the utilities sector and utilities industry. Shares are up 5.9% year to date as of the close of trading on Monday.

UIL Holdings Corporation, through its subsidiary, The United Illuminating Company, operates as a regulated utility company providing electricity and energy related services. It serves approximately 324,000 customers in the Greater New Haven and Bridgeport areas. The company has a P/E ratio of 15.6, 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 UIL as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, good cash flow from operations, solid stock price performance and growth in earnings per share. 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 UIL Ratings Report.

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