VSE Co. (NASDAQ:VSEC) declared a quarterly dividend on Thursday, May 9th, Wall Street Journal reports. Shareholders of record on Wednesday, July 17th will be paid a dividend of 0.09 per share by the construction company on Wednesday, July 31st. This represents a $0.36 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Tuesday, July 16th. This is an increase from VSE’s previous quarterly dividend of $0.08.
VSE has increased its dividend by an average of 12.6% per year over the last three years and has raised its dividend annually for the last 15 consecutive years.
VSEC stock opened at $26.02 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.58 and a quick ratio of 1.07. The company has a market cap of $285.44 million, a P/E ratio of 8.23 and a beta of 1.43. VSE has a fifty-two week low of $24.06 and a fifty-two week high of $50.66. The business’s fifty day moving average price is $26.36.
VSE (NASDAQ:VSEC) last posted its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.60 earnings per share for the quarter. The company had revenue of $169.92 million during the quarter. VSE had a return on equity of 10.67% and a net margin of 5.02%.
In other news, Director Calvin Scott Koonce purchased 3,300 shares of the business’s stock in a transaction dated Tuesday, June 25th. The stock was bought at an average price of $26.37 per share, for a total transaction of $87,021.00. Following the purchase, the director now owns 1,837,936 shares of the company’s stock, valued at $48,466,372.32. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Thomas R. Loftus purchased 2,500 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were purchased at an average price of $27.60 per share, with a total value of $69,000.00. The disclosure for this purchase can be found here. Insiders have bought a total of 9,800 shares of company stock valued at $265,641 in the last quarter. 21.00% of the stock is owned by corporate insiders.
Separately, BidaskClub downgraded YRC Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th.
VSE Corporation operates as a diversified services and supply company in the United States. The company operates in three segments: Supply Chain Management Group, Aviation Group, and Federal Services Group. The Supply Chain Management Group segment offers sourcing, acquisition, scheduling, transportation, shipping, logistics, data management, and other services to assist its clients with supply chain management.
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