Vectren Corporation (VVC)
The final stock on our list of secret dividend stocks is Vectren Corporation (VVC). VVC is another an energy play that’s diversified into four segments. The company provides 566,000 customers with natural gas delivery in Indiana.
The company owns coal mines and sells the coal it unearths, and also operates an infrastructure segment that will construct and repair underground pipelines. In addition, it has a few legacy businesses invested in various energy opportunities.
It’s a wee bit riskier in that it pays out almost all its FCF as a dividend, but it’s also been paying a dividend for 54 years. Somehow I think management has figured out how to juggle the cash just fine. That payout is presently at 3.9%.
Lawrence Meyers does not own shares in any company mentioned.