VSE Co. (NASDAQ:VSEC – Get Free Report) announced a quarterly dividend on Sunday, April 28th, Zacks reports. Investors of record on Thursday, May 2nd will be paid a dividend of 0.10 per share by the construction company on Thursday, May 16th. This represents a $0.40 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Wednesday, May 1st.
VSE has raised its dividend by an average of 3.6% annually over the last three years. VSE has a payout ratio of 8.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect VSE to earn $4.91 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 8.1%.
VSE Stock Down 1.1 %
Shares of VSEC opened at $76.01 on Monday. The company has a market cap of $1.20 billion, a PE ratio of 31.67 and a beta of 1.67. The business has a fifty day moving average of $76.41 and a 200 day moving average of $66.09. VSE has a 52-week low of $42.03 and a 52-week high of $83.00. The company has a quick ratio of 0.95, a current ratio of 2.70 and a debt-to-equity ratio of 0.66.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on VSEC
About VSE
VSE Corporation operates as a diversified aftermarket products and services company in the United States. The company operates through two segments, Aviation and Fleet. The Aviation segment provides aftermarket parts supply and distribution; maintenance, repair, and overhaul services for components and engine accessories supporting commercial, business, and general aviation operators.
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