SOURCE: Vectren Corporation

Vectren Corporation

November 05, 2015 16:15 ET

Vectren Increases Dividend 5.3 Percent; Continues Higher Dividend Growth Trend

EVANSVILLE, IN--(Marketwired - November 05, 2015) - Vectren Corporation (NYSE: VVC) announced the Board of Directors has declared a quarterly dividend of $0.40 per share, up 5.3 percent from the current quarterly dividend of $0.38 per share. The quarterly dividend will be payable December 1, 2015, to shareholders of record at the close of business on November 16, 2015.

"Last November, we updated our long-term financial targets, including an earnings growth target of 5-7% annually. At that same time, we indicated that the annual dividend increase would grow at that same pace," said Carl L. Chapman, chairman, president and CEO of Vectren Corporation. "Today's announcement of a 5.3 percent dividend increase reflects management's and the Board's continued confidence and assurance in Vectren's ability to deliver consistent earnings and dividend growth."

This marks the 56th 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 west central Ohio. 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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