VSE Corporation (NASDAQ:VSEC) Shares Will Pay Quarterly Dividend of $0.10

VSE Corporation (NASDAQ:VSEC) declared a quarterly dividend on Tuesday, November 3rd. Shareholders of record on Friday, January 15th will be given a dividend of $0.10 per share by the construction company on Friday, January 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, January 15th.

VSE has a dividend payout ratio of 8.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect VSE to earn $8.00 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 5.0%.

VSE Stock Performance

Shares of NASDAQ:VSEC opened at $165.56 on Wednesday. The company has a market cap of $4.65 billion, a price-to-earnings ratio of 53.61, a price-to-earnings-growth ratio of 0.65 and a beta of 1.26. The company has a 50-day moving average price of $176.32 and a 200-day moving average price of $195.73. The company has a current ratio of 3.77, a quick ratio of 1.30 and a debt-to-equity ratio of 0.31. VSE has a 12 month low of $138.85 and a 12 month high of $247.85.

VSE (NASDAQ:VSEC) last posted its earnings results on Wednesday, August 5th. The construction company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.82. The company had revenue of $449.14 million for the quarter, compared to analysts’ expectations of $425.03 million. VSE had a return on equity of 6.71% and a net margin of 6.17%. VSE’s quarterly revenue was up 65.0% on a year-over-year basis. During the same period last year, the firm earned $0.97 earnings per share. As a group, equities analysts anticipate that VSE will post 6.72 EPS for the current year.

About VSE

VSE Corporation is a diversified provider of aftermarket distribution, maintenance, repair, overhaul, engineering, logistics and other sustainment services for government and commercial customers. The company supports complex assets and supply chains, with activities spanning aviation, defense, transportation and fleet markets.

Through its aviation businesses, VSE distributes aircraft parts and provides maintenance, repair and overhaul services for commercial, general aviation, business and government aircraft.