VerifyMe, Inc. (NASDAQ:VRME) Plans Special Dividend of $0.15

VerifyMe, Inc. (NASDAQ:VRME) announced a special dividend on Tuesday, September 15th. Shareholders of record on Tuesday, September 29th will be given a dividend of $0.15 per share on Friday, October 2nd. The ex-dividend date is Tuesday, September 29th.

VerifyMe Stock Down 18.0%

Shares of NASDAQ VRME traded down $0.21 during midday trading on Friday, hitting $0.96. The stock had a trading volume of 4,353,958 shares, compared to its average volume of 7,741,186. The business’s 50 day moving average is $0.72 and its 200-day moving average is $0.74. VerifyMe has a 52 week low of $0.59 and a 52 week high of $1.95. The company has a market cap of $12.64 million, a P/E ratio of -2.40 and a beta of 0.32.

VerifyMe (NASDAQ:VRME) last announced its quarterly earnings results on Friday, August 14th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.03). The firm had revenue of $1.91 million for the quarter, compared to the consensus estimate of $2.71 million. VerifyMe had a negative net margin of 47.08% and a negative return on equity of 17.16%.

VerifyMe Company Profile

VerifyMe, Inc (NASDAQ:VRME) provides brand protection, product authentication, and consumer engagement solutions for companies seeking to protect products and strengthen relationships with customers. Its technology is designed to help businesses identify counterfeit or diverted goods, improve product traceability, and collect actionable information throughout the supply chain.

The company offers solutions that can incorporate unique product identifiers, serialized codes, authentication features, and digital engagement tools.