NEW YORK ( TheStreet) -- The ex-dividend date for Idacorp Incorporated (NYSE: IDA) is tomorrow, August 3, 2011. Owners of shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $39.12 as of 9:32 a.m. ET, the dividend yield is 3.1%. The average volume for Idacorp has been 223,700 shares per day over the past 30 days. Idacorp has a market cap of $1.9 billion and is part of the utilities sector and utilities industry. Shares are up 6% year to date as of the close of trading on Monday. IDACORP, Inc., through its subsidiary, Idaho Power Company, engages in the generation, transmission, distribution, sale, and purchase of electric energy in the United States. The company has a P/E ratio of 12.2, 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 Idacorp as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, increase in stock price during the past year, impressive record of earnings per share growth and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Idacorp Ratings Report. See our dividend calendar or top-yielding stocks list.