Virco Manufacturing Corporation (VIRC) To Go Ex-Dividend on June 18th

Virco Manufacturing Corporation (NASDAQ:VIRC) announced a quarterly dividend on Tuesday, June 2nd. Shareholders of record on Friday, June 19th will be given a dividend of 0.025 per share on Friday, July 10th. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, June 18th.

Virco Manufacturing has a payout ratio of 11.5% indicating that its dividend is sufficiently covered by earnings.

Virco Manufacturing Price Performance

Shares of Virco Manufacturing stock opened at $5.44 on Thursday. The stock’s 50-day simple moving average is $6.04 and its 200-day simple moving average is $6.33. Virco Manufacturing has a 52 week low of $5.16 and a 52 week high of $9.09. The company has a market capitalization of $85.57 million, a price-to-earnings ratio of 32.00 and a beta of 0.21. The company has a quick ratio of 1.31, a current ratio of 3.09 and a debt-to-equity ratio of 0.03.

Virco Manufacturing (NASDAQ:VIRC) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.19). Virco Manufacturing had a net margin of 1.29% and a return on equity of 2.18%. The business had revenue of $30.69 million during the quarter, compared to analysts’ expectations of $27.20 million.

About Virco Manufacturing

Virco Manufacturing Corporation (NASDAQ: VIRC) is a leading American manufacturer of furniture, primarily serving the K-12 education market. Headquartered in Torrance, California, the company designs, produces and distributes a comprehensive range of classroom seating, student desks, tables and educational workstations. Over several decades, Virco has built a reputation for durable, cost-effective solutions tailored to the needs of schools, colleges and other institutional customers.

The company’s product portfolio includes molded plastic and wood-seat student chairs, modular and fixed-height desks, multi-purpose tables, computer furniture, laboratory stools and teacher furnishings.