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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.