UIL Stock To Go Ex-dividend Tomorrow (UIL)

NEW YORK ( TheStreet) -- The ex-dividend date for UIL Holdings Corporation (NYSE: UIL) is tomorrow, June 14, 2012. Owners of shares as of market close today will be eligible for a dividend of 43 cents per share. At a price of $34.71 as of 9:30 a.m. ET, the dividend yield is 5.2%.

The average volume for UIL has been 344,400 shares per day over the past 30 days. UIL has a market cap of $1.76 billion and is part of the utilities sector and utilities industry. Shares are down 3.2% year to date as of the close of trading on Tuesday.

UIL Holdings Corporation, through its subsidiaries, operates in the regulated utility businesses. It is involved in the purchase, transmission, distribution, and sale of electricity for residential, commercial, and industrial purposes in the southwestern part of the State of Connecticut. The company has a P/E ratio of 18.7, equal to the average utilities industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates UIL as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, notable return on equity and solid stock price performance. 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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