Vectren Corp (NYSE:VVC) declared a quarterly dividend on Thursday, February 1st, RTT News reports. Investors of record on Thursday, February 15th will be paid a dividend of 0.45 per share by the utilities provider on Thursday, March 1st. This represents a $1.80 annualized dividend and a yield of 2.91%. The ex-dividend date is Wednesday, February 14th.

Vectren has raised its dividend payment by an average of 5.4% per year over the last three years and has raised its dividend every year for the last 58 years. Vectren has a dividend payout ratio of 68.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Vectren to earn $2.83 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 63.6%.

Vectren (NYSE:VVC) opened at $61.95 on Friday. The company has a market cap of $5,090.54, a price-to-earnings ratio of 22.63, a P/E/G ratio of 3.62 and a beta of 0.69. Vectren has a twelve month low of $54.04 and a twelve month high of $69.86. The company has a quick ratio of 0.55, a current ratio of 0.70 and a debt-to-equity ratio of 0.90.

VVC has been the topic of several recent analyst reports. Citigroup lifted their target price on shares of Vectren from $66.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, November 20th. Zacks Investment Research upgraded shares of Vectren from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. ValuEngine downgraded shares of Vectren from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Guggenheim downgraded shares of Vectren from a “buy” rating to a “neutral” rating in a report on Tuesday, January 2nd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $70.00.

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About Vectren

Vectren Corporation (Vectren) is an energy holding company. The Company segregates its operations into groups, including the Utility Group, the Nonutility Group, and Corporate and Other. The Company’s subsidiary, Vectren Utility Holdings, Inc (Utility Holdings or VUHI), serves as the intermediate holding company for three public utilities: Indiana Gas Company, Inc (Indiana Gas), Southern Indiana Gas and Electric Company (SIGECO) and Vectren Energy Delivery of Ohio, Inc (VEDO).

Dividend History for Vectren (NYSE:VVC)

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