Vectren Corp (VVC) Declares Quarterly Dividend of $0.36
Vectren Corp (NYSE:VVC) declared a quarterly dividend on Thursday, August 7th, Stock Ratings News reports. Shareholders of record on Monday, August 18th will be given a dividend of 0.36 per share on Tuesday, September 2nd. This represents a $1.44 dividend on an annualized basis and a yield of 3.86%.
A number of research firms have recently commented on VVC. Analysts at KeyCorp downgraded shares of Vectren Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 9th. Analysts at Brean Capital raised their price target on shares of Vectren Corp from $43.00 to $44.00 in a research note on Wednesday, July 2nd.
Vectren Corp (NYSE:VVC) traded up 1.34% during mid-day trading on Thursday, hitting $37.80. 430,308 shares of the company’s stock traded hands. Vectren Corp has a 52 week low of $31.83 and a 52 week high of $42.74. The stock has a 50-day moving average of $40.17 and a 200-day moving average of $38.99. The company has a market cap of $3.118 billion and a P/E ratio of 19.74.
Vectren Corp (NYSE:VVC) last announced its earnings results on Monday, August 4th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by $0.01. The company had revenue of $542.50 million for the quarter, compared to the consensus estimate of $572.05 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. Analysts expect that Vectren Corp will post $2.28 EPS for the current fiscal year.
Vectren Corporation (NYSE:VVC), is an energy holding company.
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