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NEW YORK ( TheStreet) -- The ex-dividend date for UIL Holdings Corporation (NYSE: UIL) is tomorrow, December 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 $34.30 as of 9:30 a.m. ET, the dividend yield is 5%. The average volume for UIL has been 480,000 shares per day over the past 30 days. UIL has a market cap of $1.73 billion and is part of the utilities sector and utilities industry. Shares are up 14.9% year to date as of the close of trading on Tuesday. UIL Holdings Corporation, through its subsidiaries, operates in the energy sector in the United States. The company, through its subsidiary, The United Illuminating Company, engages in the transmission and delivery of electricity to its customers in 17 municipalities in southwest Connecticut. The company has a P/E ratio of 20.9, above the average utilities industry P/E ratio of 20.2 and above the S&P 500 P/E ratio of 17.7.