NEW YORK ( TheStreet) -- The ex-dividend date for Vectren Corporation (NYSE: VVC) is tomorrow, May 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 $28.39 as of 9:31 a.m. ET, the dividend yield is 4.9%.

The average volume for Vectren has been 391,800 shares per day over the past 30 days. Vectren has a market cap of $2.3 billion and is part of the utilities sector and utilities industry. Shares are up 11.7% year to date as of the previous trading day's close.

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 19.9, equal to the average utilities industry P/E ratio and above the S&P 500 P/E ratio of 16.2.
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TheStreet Ratings rates Vectren as a buy. Among the primary strengths of the company is its solid stock performance, considering both the consistency and magnitude of the price movement over time. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Vectren Ratings Report.

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