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

Key Points

• VSE declared a quarterly dividend of $0.10 per share, payable January 29 to shareholders of record January 15. The annualized dividend is $0.40 per share, yielding about 0.2%.
• The dividend appears well covered: VSE’s current payout ratio is 8.8%, and the article projects a 5.0% payout ratio based on next year’s expected earnings.
• In its latest reported quarter, VSE earned $1.75 per share, beating the $0.93 analyst consensus, while revenue rose 65% year over year to $449.14 million.

VSE Corporation (NASDAQ:VSEC - Get Free Report) declared a quarterly dividend on Tuesday, November 3rd. Stockholders 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 payout ratio of 8.8% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of NASDAQ VSEC opened at $165.56 on Wednesday. The company has a market capitalization of $4.65 billion, a PE ratio of 53.61, a PEG ratio of 0.65 and a beta of 1.26. VSE has a twelve month low of $138.85 and a twelve month high of $247.85. The company has a quick ratio of 1.30, a current ratio of 3.77 and a debt-to-equity ratio of 0.31. The stock's 50 day moving average price is $176.32 and its 200-day moving average price is $195.73.

VSE (NASDAQ:VSEC - Get Free Report) last released its earnings results on Wednesday, August 5th. The construction company reported $1.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.82. VSE had a net margin of 6.17% and a return on equity of 6.71%. The firm had revenue of $449.14 million during the quarter, compared to the consensus estimate of $425.03 million. During the same period in the prior year, the firm earned $0.97 EPS. The company's revenue was up 65.0% compared to the same quarter last year. On average, equities analysts anticipate that VSE will post 6.72 EPS for the current year.

Insider Buying and Selling

In other VSE news, CEO John Cuomo sold 17,500 shares of VSE stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $242.49, for a total transaction of $4,243,575.00. Following the transaction, the chief executive officer directly owned 169,537 shares of the company's stock, valued at approximately $41,111,027.13. This trade represents a 9.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On VSE

Several institutional investors and hedge funds have recently made changes to their positions in the business. Ethic Inc. lifted its stake in VSE by 31.7% in the third quarter. Ethic Inc. now owns 9,572 shares of the construction company's stock worth $1,577,000 after purchasing an additional 2,305 shares during the last quarter. Pictet Asset Management Holding SA grew its stake in shares of VSE by 5.6% during the third quarter. Pictet Asset Management Holding SA now owns 4,312 shares of the construction company's stock valued at $710,000 after buying an additional 227 shares during the last quarter. CenterBook Partners LP increased its holdings in shares of VSE by 98.2% in the third quarter. CenterBook Partners LP now owns 21,057 shares of the construction company's stock worth $3,468,000 after buying an additional 10,434 shares during the period. Kestra Advisory Services LLC lifted its stake in shares of VSE by 75.7% in the 3rd quarter. Kestra Advisory Services LLC now owns 3,628 shares of the construction company's stock valued at $598,000 after acquiring an additional 1,563 shares during the last quarter. Finally, Conestoga Capital Advisors LLC bought a new stake in shares of VSE in the 3rd quarter valued at about $21,218,000. Institutional investors own 91.54% of the company's stock.

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.

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