VSE Corporation (NASDAQ:VSEC) Plans $0.10 Quarterly Dividend

Key Points

• VSE Corporation announced a quarterly dividend of $0.10 per share, payable on October 29th to stockholders of record as of October 15th, resulting in an annualized yield of 0.3%.
• The company reported earnings of $0.97 per share for the last quarter, exceeding expectations and marking a 41.1% increase in quarterly revenue year-over-year.
• VSE has a low dividend payout ratio of 8.8%, indicating that its dividend is well-covered by earnings, with forecasts suggesting it can sustain its annual dividend of $0.40.

VSE Corporation (NASDAQ:VSEC - Get Free Report) announced a quarterly dividend on Thursday, July 31st, RTT News reports. Stockholders of record on Wednesday, October 15th will be paid a dividend of 0.10 per share by the construction company on Wednesday, October 29th. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Wednesday, October 15th.

VSE has a payout ratio of 8.8% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Up 5.9%

NASDAQ:VSEC traded up $8.63 during midday trading on Monday, hitting $154.90. 71,642 shares of the company were exchanged, compared to its average volume of 242,373. The company has a market capitalization of $3.20 billion, a PE ratio of 138.07 and a beta of 1.33. The company has a fifty day simple moving average of $132.97 and a 200 day simple moving average of $120.23. The company has a current ratio of 3.90, a quick ratio of 2.12 and a debt-to-equity ratio of 0.47. VSE has a fifty-two week low of $73.36 and a fifty-two week high of $158.11.

VSE (NASDAQ:VSEC - Get Free Report) last posted its earnings results on Wednesday, July 30th. The construction company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.28. The company had revenue of $272.14 million for the quarter, compared to analyst estimates of $267.39 million. VSE had a return on equity of 7.37% and a net margin of 1.94%. VSE's revenue was up 41.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.47 earnings per share. As a group, equities analysts anticipate that VSE will post 2.96 earnings per share for the current fiscal year.

Insider Transactions at VSE

In other VSE news, Director Anita D. Britt sold 2,869 shares of VSE stock in a transaction on Friday, May 9th. The shares were sold at an average price of $129.38, for a total value of $371,191.22. Following the completion of the transaction, the director owned 3,837 shares of the company's stock, valued at $496,431.06. The trade was a 42.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.30% of the stock is owned by corporate insiders.

Institutional Trading of VSE

A number of large investors have recently modified their holdings of the company. Sterling Capital Management LLC increased its stake in VSE by 857.1% during the 4th quarter. Sterling Capital Management LLC now owns 469 shares of the construction company's stock valued at $45,000 after buying an additional 420 shares during the period. Amalgamated Bank increased its stake in VSE by 36.5% in the 1st quarter. Amalgamated Bank now owns 610 shares of the construction company's stock worth $73,000 after purchasing an additional 163 shares in the last quarter. KBC Group NV purchased a new position in VSE in the 1st quarter worth about $99,000. Tower Research Capital LLC TRC lifted its stake in VSE by 21.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,449 shares of the construction company's stock worth $138,000 after acquiring an additional 258 shares in the last quarter. Finally, Summit Investment Advisors Inc. raised its holdings in VSE by 14.5% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,842 shares of the construction company's stock valued at $175,000 after buying an additional 233 shares in the last quarter. Institutional investors and hedge funds own 91.54% of the company's stock.

VSE Company Profile

VSE Corporation operates as a diversified aftermarket products and services company in the United States. The company operates through two segments, Aviation and Fleet. The Aviation segment provides aftermarket parts supply and distribution; maintenance, repair, and overhaul services for components and engine accessories supporting commercial, business, and general aviation operators.