Vectren Declares Dividend
17 January 2019 - 8:46AM
Vectren Corporation (NYSE: VVC) announced the Board of Directors
has declared a dividend of $0.005275 per share of common stock, per
day, which reflects the dividend of $0.48 per share as approved by
the Board in November 2018, divided by 91 which represents the
number of days between November 15, 2018, the last shareholder
record date, and the next regular shareholder record date of
February 14, 2019. As previously announced, Vectren entered into a
definitive merger agreement with CenterPoint Energy, Inc.
(CenterPoint), pursuant to which Vectren will become a wholly owned
subsidiary of CenterPoint (the Merger).
The dividend is payable at the earlier of March 1, 2019, in
accordance with Vectren’s regular dividend schedule, and the
effective time of the Merger (Effective Time), to shareholders of
record at the earlier of February 14, 2019 and the day immediately
prior to the Effective Time.
In the event that the Effective Time occurs before February 14,
2019, the dividend per common share will reflect the actual number
of days from the last shareholder record date of November 15, 2018,
to the Effective Time multiplied by $0.005275.
About VectrenVectren 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.
Investor Contact
Dave Parker, (812) 491-4135, d.parker@vectren.comMedia
Contact
Natalie
Hedde, (812) 491-5105, nhedde@vectren.com
Vectren (NYSE:VVC)
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