Dividend Action: Can we expect Vectren Corporation (NYSE:VVC) to bring investors news of $0.42 dividends?

Dividend Action: Can we expect Vectren Corporation (NYSE:VVC) to bring investors news of $0.42 dividends?

Vectren Corporation (NYSE:VVC) is expected to pay $0.42 on Dec 1, 2016. The indicated annual dividend is $1.68. Shareholders owning the stock before Nov 10, 2016 will be eligible to receive the payout. Based on Vectren Corporation’s current price of $50.29, the dividend is 0.84%. This dividend’s record date is Nov 15, 2016 and the announcement date is Nov 3, 2016. The stock increased 0.92% or $0.46 on November 8, hitting $50.29. Vectren Corp (NYSE:VVC) has risen 0.92% since April 7, 2016 and is uptrending. It has underperformed by 3.86% the S&P500.

Vectren Corporation is an energy holding Company. The company has a market cap of $4.32 billion. The Firm segregates its activities into groups, including the Utility Group, the Nonutility Group, and Corporate and Other. It has a 20.09 P/E ratio. The Company’s subsidiary, Vectren Utility Holdings, Inc. (Utility Holdings or VUHI), serves as the intermediate holding firm for three public utilities: Indiana Gas Company, Inc. (Indiana Gas), Southern Indiana Gas and Electric Company (SIGECO) and Vectren Energy Delivery of Ohio, Inc. (VEDO).

Insitutional Activity: The institutional sentiment decreased to 1.4 in 2016 Q2. Its down 0.02, from 1.42 in 2016Q1. The ratio fall, as 16 funds sold all Vectren Corp shares owned while 82 reduced positions. 32 funds bought stakes while 105 increased positions. They now own 50.71 million shares or 6.18% less from 54.05 million shares in 2016Q1.
Mcf Advsrs Ltd Company last reported 0% of its portfolio in the stock. Parametrica Limited reported 7,640 shares or 0.6% of all its holdings. Morgan Stanley holds 0% of its portfolio in Vectren Corp (NYSE:VVC) for 248,338 shares. Creative Planning, a Kansas-based fund reported 5,723 shares. Raymond James Trust Na has invested 0.04% of its portfolio in Vectren Corp (NYSE:VVC). Teacher Retirement Sys Of Texas has 0% invested in the company for 11,575 shares. Highbridge Mngmt Limited Liability holds 160,977 shares or 0.14% of its portfolio. M&R Capital Management Inc holds 370 shares or 0.01% of its portfolio. Denver Investment Advisors Ltd Limited Liability Company holds 0.55% of its portfolio in Vectren Corp (NYSE:VVC) for 232,741 shares. Penobscot Invest Mgmt accumulated 0.08% or 4,264 shares. Nomura Asset Mgmt Ltd last reported 1,580 shares in the company. Vanguard Grp Incorporated accumulated 0.02% or 7.19 million shares. Donaldson Capital Ltd Company accumulated 59,137 shares or 0.43% of the stock. Fifth Third Commercial Bank accumulated 177,986 shares or 0.08% of the stock. Schroder Invest Grp Inc accumulated 0.09% or 891,900 shares.

Vectren Corp (NYSE:VVC) Ratings Coverage

Out of 2 analysts covering Vectren Corp (NYSE:VVC), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Vectren Corp has been the topic of 2 analyst reports since September 5, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Saturday, September 5 by Zacks. The company was maintained on Wednesday, July 27 by Citigroup.

More important recent Vectren Corp (NYSE:VVC) news were published by: Marketwatch.com which released: “Plus the latest data from Realtor.com on 21 home markets across the US” on April 21, 2011, also Seekingalpha.com published article titled: “Vectren Corp’s (VVC) CEO Carl Chapman on Q3 2016 Results – Earnings Call …”, Streetinsider.com published: “Vectren Corp. (VVC) Tops Q3 EPS by 10c; Reaffirms” on November 03, 2016. More interesting news about Vectren Corp (NYSE:VVC) was released by: Forbes.com and their article: “Ex-Dividend Reminder: Red Rock Resorts, Vectren and Exelon” with publication date: November 08, 2016.

VVC Company Profile

Vectren Corporation (Vectren), incorporated on June 10, 1999, is an energy holding Company. The Firm segregates its activities into groups, including the Utility Group, the Nonutility Group, and Corporate and Other. The Company’s subsidiary, Vectren Utility Holdings, Inc. (Utility Holdings or VUHI), serves as the intermediate holding firm for three public utilities: Indiana Gas Company, Inc. (Indiana Gas), Southern Indiana Gas and Electric Company (SIGECO) and Vectren Energy Delivery of Ohio, Inc. (VEDO). The Company, through Vectren Enterprises Inc. (Enterprises), is involved in non-utility activities in two primary business areas: Infrastructure Services and Energy Services. Infrastructure Services provides underground pipeline construction and repair services. Energy Services provides energy performance contracting and sustainable infrastructure, such as renewables, distributed generation, and combined heat and power projects.

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