VSE Corporation (NASDAQ:VSEC) to Issue $0.10 Quarterly Dividend

VSE Corporation (NASDAQ:VSEC) announced a quarterly dividend on Wednesday, February 25th. Stockholders of record on Wednesday, April 15th will be paid a dividend of 0.10 per share by the construction company on Wednesday, April 29th. This represents a c) dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Wednesday, April 15th.

VSE has raised its dividend payment by an average of 0.0%annually over the last three years. VSE has a dividend payout ratio of 8.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect VSE to earn $4.55 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 8.8%.

VSE Price Performance

Shares of VSEC stock traded down $4.62 during trading hours on Wednesday, reaching $219.54. The stock had a trading volume of 511,759 shares, compared to its average volume of 559,300. The stock’s fifty day simple moving average is $199.59 and its 200 day simple moving average is $179.14. The firm has a market capitalization of $5.06 billion, a PE ratio of 322.86, a PEG ratio of 2.54 and a beta of 1.35. VSE has a 12 month low of $99.65 and a 12 month high of $231.60. The company has a current ratio of 3.94, a quick ratio of 1.41 and a debt-to-equity ratio of 0.35.

VSE Company Profile

VSE Corporation (NASDAQ: VSEC) is a provider of aftermarket distribution and supply chain management services serving both government and commercial markets. The company’s solutions span a wide range of industries, with particular emphasis on defense, aerospace and transportation. VSE’s core mission is to ensure mission readiness by delivering critical parts, maintenance and technical support for equipment throughout its lifecycle.

Through its Distribution Services segment, VSE sources, markets and distributes replacement parts and components for commercial truck, bus, rail and specialty vehicle applications.