Vectren Corporation (NYSE:VVC) Given Price Target Of $49.5


As per Vectren Corporation (NYSE:VVC)’s news release on 2016-08-08, its shareholders will get cash dividend of $0.4 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-15 and 2016-09-01, respectively.

The stock will commence trading ex-dividend from 2016-08-11, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Vectren Corporation (NYSE:VVC) disbursed $0.4 in dividend compared to distribution of $0.4, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 5.4794%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Vectren Corporation (NYSE:VVC) to attain a price target of $49.5. It is an average estimate figure given by 2 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $51. The low price range is set at $48 for next year while the arithmetic mean is seen at 3.17.

Eyeing Earnings Vectren Corporation (NYSE:VVC) is likely to post quarterly numbers around 2016-11-03 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.63 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, Vectren Corporation (NYSE:VVC) earnings came at $0.39 suggesting a deviation of $-0.03. The brokerages targeted EPS of $0.42 for the quarter.

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