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

VSE Corporation (NASDAQ:VSEC) announced a quarterly dividend on Thursday, May 7th. Shareholders of record on Wednesday, July 15th will be paid a dividend of 0.10 per share by the construction company on Wednesday, July 29th. This represents a c) annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, July 15th.

VSE has raised its dividend payment by an average of 0.0%per year over the last three years. VSE has a payout ratio of 8.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect VSE to earn $5.80 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 6.9%.

VSE Price Performance

Shares of VSEC opened at $201.18 on Friday. The business’s 50-day moving average is $197.71 and its two-hundred day moving average is $191.19. The company has a market capitalization of $5.65 billion, a P/E ratio of 84.89, a P/E/G ratio of 1.90 and a beta of 1.25. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.43 and a current ratio of 3.76. VSE has a fifty-two week low of $123.69 and a fifty-two week high of $232.61.

VSE (NASDAQ:VSEC) last posted its earnings results on Tuesday, May 5th. The construction company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.24. VSE had a net margin of 4.95% and a return on equity of 8.78%. The business had revenue of $324.58 million for the quarter, compared to analyst estimates of $309.19 million. During the same period in the prior year, the company posted $0.78 EPS. The company’s revenue for the quarter was up 26.8% on a year-over-year basis. Research analysts predict that VSE will post 4.57 earnings per share 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.