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

Key Points

• VSE Corporation declared a quarterly dividend of $0.10 per share, payable October 29 to shareholders of record October 15. The dividend implies a $0.40 annualized payout and a 0.2% yield.
• The dividend appears well covered, with an 8.8% payout ratio; analysts expect a 7.1% future payout ratio based on projected earnings of $5.61 per share.
• VSE reported strong quarterly results, earning $1.75 per share versus the $0.93 consensus estimate and generating $449.14 million in revenue, up 65% year over year. Shares traded down 4.0% to $216.35.

VSE Corporation (NASDAQ:VSEC - Get Free Report) announced a quarterly dividend on Thursday, August 6th. Stockholders of record on Thursday, October 15th will be given a dividend of 0.10 per share by the construction company on Thursday, October 29th. This represents a c) annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, October 15th.

VSE has increased its dividend by an average of 0.0%annually over the last three years. VSE has a payout ratio of 8.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect VSE to earn $5.61 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 7.1%.

VSE Trading Down 4.0%

NASDAQ VSEC traded down $9.10 during mid-day trading on Friday, reaching $216.35. 276,750 shares of the stock were exchanged, compared to its average volume of 572,027. VSE has a one year low of $152.55 and a one year high of $240.56. The stock has a 50 day simple moving average of $204.14 and a 200-day simple moving average of $199.84. The stock has a market cap of $6.07 billion, a P/E ratio of 69.42, a P/E/G ratio of 2.41 and a beta of 1.23. The company has a debt-to-equity ratio of 0.12, a current ratio of 8.78 and a quick ratio of 6.24.

VSE (NASDAQ:VSEC - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The construction company reported $1.75 EPS 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 7.93%. The business had revenue of $449.14 million for the quarter, compared to analysts' expectations of $425.03 million. During the same quarter in the prior year, the firm posted $0.97 earnings per share. The business's quarterly revenue was up 65.0% compared to the same quarter last year. On average, analysts anticipate that VSE will post 4.3 EPS for the current year.

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.

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