The ex-dividend date for Vectren (NYSE:VVC) is tomorrow, November 10, 2011. Owners of shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $28.79 as of 9:51 a.m., the dividend yield is 4.8%.
NEW YORK ( TheStreet) -- The ex-dividend date for Vectren (NYSE: VVC) is tomorrow, November 10, 2011. Owners of shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $28.79 as of 9:51 a.m. ET, the dividend yield is 4.8%. The average volume for Vectren has been 446,200 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 13.9% year to date as of the close of trading on Tuesday. Vectren Corporation, through its subsidiaries, provides energy delivery services to residential, commercial, and industrial and other contract customers in Indiana and west central Ohio. The company has a P/E ratio of 16.9, below the average utilities industry P/E ratio of 19.1 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Vectren as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Vectren Ratings Report. See our dividend calendar or top-yielding stocks list.