NEW YORK ( TheStreet) -- The ex-dividend date for Idacorp (NYSE: IDA) is tomorrow, May 3, 2012. Owners of shares as of market close today will be eligible for a dividend of 33 cents per share. At a price of $40.24 as of 9:30 a.m. ET, the dividend yield is 3.2%.

The average volume for Idacorp has been 236,600 shares per day over the past 30 days. Idacorp has a market cap of $2.04 billion and is part of the utilities sector and utilities industry. Shares are down 4.5% year to date as of the close of trading on Tuesday.

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 12.1, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Idacorp as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Idacorp Ratings Report.

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