Velan Inc. (VLN) Announces $0.03 Quarterly Dividend
Velan Inc. (TSE:VLN) announced a quarterly dividend on Thursday, October 11th, Zacks reports. Stockholders of record on Friday, December 14th will be given a dividend of 0.03 per share on Friday, December 28th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Thursday, December 13th.
Shares of TSE:VLN traded up C$0.21 during trading on Friday, reaching C$8.82. The stock had a trading volume of 3,700 shares, compared to its average volume of 4,539. Velan has a one year low of C$8.12 and a one year high of C$20.49. The company has a debt-to-equity ratio of 13.36, a quick ratio of 1.21 and a current ratio of 2.14.
Velan (TSE:VLN) last released its quarterly earnings results on Thursday, October 11th. The company reported C($0.15) earnings per share for the quarter. The firm had revenue of C$119.66 million for the quarter.
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Velan Company Profile
Velan Inc designs, manufactures, and markets industrial valves worldwide. It offers cryogenic valves comprising cast steel cryogenic, small forged cryogenic, cryogenic triple-offset, ball, and cryogenic control valves; gate, globe, and check valves, including pressure seal, cast steel, small forged, dual-plate check, bolted bonnet high pressure, cast stainless steel corrosion resistant, bonnetless, and knife gate valves, as well as maintenance valves for nuclear service; and quarter-turn valves, such as ball, metal-seated ball, forged ball, power ball, high performance three-piece ball, general purpose ball, triple-offset butterfly, high performance cryogenic butterfly, coker ball, and cap-tight batch digester capping valves.
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