Vectren Corp (NYSE:VVC)
CAPS Rating:
An energy holding company & through its subsidiary, Vectren Utility Holdings, Inc. serves as the intermediate holding company for three operating public utilities: Indiana Gas Company, Inc., Southern Indiana Gas & Electric Company, & Ohio operations.
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Mid-sized electric and gas utility in southwestern Indiana, with gas distribution through much of Indiana and into central Ohio. It also has some non-regulated activity and coal reserves which serve its generating plants as well as others in the region.
Solid financials, with an outstanding record of continuously growing its dividends.
I agree 100 percent. This is a nice stock to use for dividend yield if you are interesting in balancing out your portfolio. I believe Edward Jones took these guys public.
However, the problem here, of course, is that the share price isn't going to do anything beyond 30.
I would recommend CVX which pays out a 3.41% dividend and then has the opportunity to reach 90 or above, especially since I believe the big fund managers favor huge oil conglomerates right now like XOM, CVX, and COP.
I strongly recommend buying as much XOM as you can right now. This stock is going to hit 90, meet some resistance, go forward, and then split which will spark a feeding frenzy among small investors. They posted 10.6 billion in profits last year and anticipate another 30.6 billion over the next three quarters. The CEO is a genius who has made all the right moves, in my opinion.
Jim