SOURCE: Vectren Corporation

Vectren Corporation

November 02, 2016 16:30 ET

Vectren Increases Dividend 5 Percent; Marks 57th Consecutive Year of Dividend Increases

EVANSVILLE, IN--(Marketwired - November 02, 2016) - Vectren Corporation (NYSE: VVC) announced the Board of Directors has declared a quarterly dividend of $0.42 per share, up 5 percent from the current quarterly dividend of $0.40 per share. The quarterly dividend will be payable December 1, 2016, to shareholders of record at the close of business on November 15, 2016.

"Consistent with our long-term growth targets, today's announcement of a 5 percent dividend increase reflects management's and the Board's continued confidence in Vectren's ability to deliver consistent earnings and dividend growth," said Carl Chapman, chairman, president and CEO of Vectren Corporation.

This marks the 57th consecutive year Vectren and its predecessor companies have increased the annual dividends paid. "We recognize the value of our long history of dividend growth and the role it plays in delivering above average shareholder returns. We are proud to be a part of a select group of companies that have achieved this level of long-term commitment to our shareholders," added Chapman.

About Vectren

Vectren Corporation (NYSE: VVC) is an energy holding company headquartered in Evansville, Ind. Vectren's energy delivery subsidiaries provide gas and/or electricity to more than 1 million customers in adjoining service territories that cover nearly two-thirds of Indiana and about 20 percent of Ohio, primarily in the west central area. Vectren's nonutility subsidiaries and affiliates currently offer energy-related products and services to customers throughout the U.S. These include infrastructure services and energy services. To learn more about Vectren, visit www.vectren.com.

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