Wednesday, October 31, 2007

Vectren Corp. Announces A 3.2% Dividend Increase

Vectren Corp. (VVC) announced the company will increase its fourth quarter dividend 3.2%. The new quarterly dividend increases to 32.5 cents per share versus 31.5% per share in the same quarter last year. This is the 48th consecutive year the company has increased its annual dividend. The projected payout ratio will be approximately 68% based on estimated 2008 earnings of $1.90. The 5-year historical payout ratio is approximately 69%.

Vectren Corporation is an energy holding company headquartered in Evansville, Indiana. Vectren's energy delivery subsidiaries provide gas and/or electricity to more than one million customers in adjoining service territories that cover nearly two-thirds of Indiana and west central Ohio. Vectren's nonutility subsidiaries and affiliates currently offer energy- related products and services to customers throughout the Midwest and Southeast. These include gas marketing and related services; coal production and sales; and energy infrastructure services.

(click on table/chart for larger image)

Vectren dividend analysis table October 31, 2007
Vectren stock chart October 31, 2007

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