NEW YORK (
) -- The ex-dividend date for
) is tomorrow, February 11, 2011. Owners of shares as of market close today will be eligible for a dividend of 34 cents per share. At a price of $26.01 as of 9:30 a.m. ET, the dividend yield is 5.3%. The average volume for Vectren has been 493,700 shares per day over the past 30 days. Vectren has a market cap of $2.1 billion and is part of the
industry. Shares are up 2.4% year to date as of the close of trading on Wednesday.
Vectren Corporation provides energy delivery services to residential, commercial, and industrial and other customers in Indiana and west central Ohio. The company has a P/E ratio of 14.9, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 23.5.
TheStreet Ratings rates Vectren as buy. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, good cash flow from operations, notable return on equity and impressive record of earnings per share growth. 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