VSE Corporation (NASDAQ:VSEC) Declares Quarterly Dividend of $0.10

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 given 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%.

VSE has a dividend payout ratio of 8.8% indicating that its dividend is sufficiently covered by earnings. 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 NASDAQ:VSEC traded up $15.06 during trading on Thursday, reaching $156.54. 480,848 shares of the company's stock traded hands, compared to its average volume of 243,138. VSE has a fifty-two week low of $73.36 and a fifty-two week high of $158.11. The company has a quick ratio of 2.12, a current ratio of 3.90 and a debt-to-equity ratio of 0.47. The firm has a market cap of $3.24 billion, a PE ratio of 195.68 and a beta of 1.26. The company has a 50-day simple moving average of $131.74 and a 200-day simple moving average of $119.03.

VSE (NASDAQ:VSEC - Get Free Report) last posted its earnings results on Wednesday, July 30th. The construction company reported $0.97 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.28. VSE had a return on equity of 6.62% and a net margin of 1.41%. The firm had revenue of $272.14 million for the quarter, compared to analysts' expectations of $267.39 million. During the same period last year, the firm earned $0.47 EPS. The company's quarterly revenue was up 41.1% on a year-over-year basis. As a group, analysts predict that VSE will post 2.96 earnings per share for the current year.

About VSE

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.

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