VSE Corporation (NASDAQ:VSEC) Raises Dividend to $0.07 Per Share

VSE Corporation (NASDAQ:VSEC) declared a quarterly dividend on Thursday, May 4th, Wall Street Journal reports. Investors of record on Wednesday, July 19th will be paid a dividend of 0.07 per share by the construction company on Wednesday, August 2nd. This represents a $0.28 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend is Monday, July 17th. This is a boost from VSE Corporation’s previous quarterly dividend of $0.06.

VSE Corporation (NASDAQ VSEC) opened at 44.04 on Wednesday. The company has a 50-day moving average of $43.49 and a 200-day moving average of $40.71. VSE Corporation has a 12 month low of $26.16 and a 12 month high of $46.71. The stock has a market cap of $477.31 million, a PE ratio of 17.41 and a beta of 1.78.

VSE Corporation (NASDAQ:VSEC) last released its quarterly earnings data on Thursday, April 27th. The construction company reported $0.67 EPS for the quarter. VSE Corporation had a net margin of 3.69% and a return on equity of 10.91%. The business had revenue of $197.29 million during the quarter. On average, equities analysts forecast that VSE Corporation will post $4.35 EPS for the current fiscal year.

VSEC has been the subject of several research reports. TheStreet lowered shares of VSE Corporation from a “b” rating to a “c+” rating in a research report on Friday, April 28th. BidaskClub lowered shares of VSE Corporation from a “buy” rating to a “hold” rating in a research report on Saturday.

In other VSE Corporation news, Director Bonnie K. Wachtel sold 1,000 shares of the stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $45.00, for a total transaction of $45,000.00. Following the completion of the transaction, the director now owns 123,352 shares in the company, valued at $5,550,840. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 21.00% of the stock is owned by company insiders.

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About VSE Corporation

VSE Corporation is a services and supply chain management company. The Company’s segments include Supply Chain Management Group, Aviation Group, Federal Services Group, and IT, Energy and Management Consulting Group. The Company provides logistics and distribution services for legacy systems and equipment and professional and technical services to the United States Government, including the United States Department of Defense (DoD), the United States Postal Service (USPS), federal civilian agencies, and commercial and other customers.

Dividend History for VSE Corporation (NASDAQ:VSEC)

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