Vectren Corporation Declares Quarterly Dividend of $0.36 (VVC)
Vectren Corporation (NYSE:VVC) announced a quarterly dividend on Thursday, January 31st. Stockholders of record on Friday, February 15th will be paid a dividend of $0.36 per share on Friday, March 1st. This represents a $1.42 annualized dividend and a dividend yield of 4.50%.
A number of research firms have also recently commented on VVC. Analysts at Zacks downgraded shares of Vectren Corporation from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday. They now have a $34.60 price target on the stock. Finally, analysts at Edward Jones upgraded shares of Vectren Corporation from a “sell” rating to a “hold” rating in a research note to investors on Thursday, November 8th.
Shares of Vectren Corporation (VVC) traded up 0.10% during mid-day trading on Thursday, hitting $31.56. Vectren Corporation (VVC) has a one year low of $27.46 and a one year high of $31.68. The stock’s 50-day moving average is currently $30.20. The company has a market cap of $2.592 billion and a P/E ratio of 15.88.
Vectren Corporation last issued its quarterly earnings data on Monday, November 5th. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.33 by $0.15. The company had revenue of $513.50 million for the quarter, compared to the consensus estimate of $522.22 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. Vectren Corporation has set its FY12 guidance at $1.80-1.90 EPS. Analysts expect that Vectren Corporation (VVC) will post $1.84 EPS for the current fiscal year.
Vectren Corporation (Vectren) is an energy holding company. The Company’s wholly owned subsidiary, Vectren Utility Holdings, Inc.
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