Virco Manufacturing Corporation (NASDAQ:VIRC) Announces Quarterly Dividend of $0.03

Virco Manufacturing Corporation (NASDAQ:VIRC) announced a quarterly dividend on Tuesday, June 2nd. Investors of record on Friday, June 19th will be given a dividend of 0.025 per share on Friday, July 10th. This represents a c) annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Thursday, June 18th.

Virco Manufacturing has a dividend payout ratio of 11.5% meaning its dividend is sufficiently covered by earnings.

Virco Manufacturing Stock Performance

VIRC stock opened at $5.44 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.09 and a quick ratio of 1.31. The business has a 50-day moving average price of $6.04 and a 200 day moving average price of $6.33. The company has a market capitalization of $85.57 million, a P/E ratio of 32.00 and a beta of 0.21. Virco Manufacturing has a 1-year low of $5.16 and a 1-year high of $9.09.

Virco Manufacturing (NASDAQ:VIRC) last released its quarterly earnings data on Wednesday, June 3rd. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.19). The firm had revenue of $30.69 million during the quarter, compared to the consensus estimate of $27.20 million. Virco Manufacturing had a net margin of 1.29% and a return on equity of 2.18%.

Virco Manufacturing Company Profile

Virco Manufacturing Corporation (NASDAQ: VIRC) is a leading American manufacturer of furniture, primarily serving the K-12 education market. Headquartered in Torrance, California, the company designs, produces and distributes a comprehensive range of classroom seating, student desks, tables and educational workstations. Over several decades, Virco has built a reputation for durable, cost-effective solutions tailored to the needs of schools, colleges and other institutional customers.

The company’s product portfolio includes molded plastic and wood-seat student chairs, modular and fixed-height desks, multi-purpose tables, computer furniture, laboratory stools and teacher furnishings.