NEW YORK ( TheStreet) -- The ex-dividend date for Vectren (NYSE: VVC) is tomorrow, May 11, 2012. Owners of shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $29.18 as of 9:30 a.m. ET, the dividend yield is 4.8%.

The average volume for Vectren has been 360,200 shares per day over the past 30 days. Vectren has a market cap of $2.38 billion and is part of the utilities sector and utilities industry. Shares are down 4.1% year to date as of the close of trading on Wednesday.

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 16.2, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Vectren as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, notable return on equity and attractive valuation levels. 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 Vectren Ratings Report.

See our dividend calendar or top-yielding stocks list.