VSE Co. (VSEC) to Issue Quarterly Dividend of $0.10 on July 31st

VSE Co. (NASDAQ:VSEC) declared a quarterly dividend on Thursday, May 23rd, Zacks reports. Stockholders of record on Wednesday, July 17th will be given a dividend of 0.10 per share by the construction company on Wednesday, July 31st. This represents a $0.40 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend is Wednesday, July 17th.

VSE has a payout ratio of 8.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect VSE to earn $5.14 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 7.8%.

VSE Price Performance

NASDAQ:VSEC opened at $78.25 on Friday. VSE has a one year low of $46.20 and a one year high of $86.26. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.99 and a current ratio of 3.33. The stock has a market cap of $1.25 billion, a PE ratio of 23.80 and a beta of 1.68. The stock has a 50 day moving average price of $78.61 and a 200 day moving average price of $69.34.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on VSEC shares. Truist Financial lifted their price objective on VSE from $86.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Benchmark reiterated a “buy” rating and set a $85.00 target price on shares of VSE in a research report on Tuesday, April 16th. StockNews.com cut VSE from a “hold” rating to a “sell” rating in a research report on Friday, January 26th. Finally, B. Riley boosted their price target on VSE from $91.00 to $101.00 and gave the company a “buy” rating in a research report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $87.00.

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.