Vecima Networks Inc. Plans Quarterly Dividend of $0.06 (TSE:VCM)

Vecima Networks Inc. (TSE:VCM) declared a quarterly dividend on Friday, May 29th, TickerTech Dividends reports. Shareholders of record on Monday, June 22nd will be given a dividend of 0.055 per share on Monday, June 22nd. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, May 29th.

Vecima Networks Price Performance

VCM opened at C$13.99 on Wednesday. The business’s 50-day moving average is C$13.19 and its two-hundred day moving average is C$11.42. Vecima Networks has a 1 year low of C$8.90 and a 1 year high of C$14.01. The company has a debt-to-equity ratio of 29.54, a current ratio of 1.54 and a quick ratio of 0.83. The firm has a market capitalization of C$340.17 million, a PE ratio of -25.91 and a beta of 0.73.

Vecima Networks (TSE:VCM) last issued its quarterly earnings results on Thursday, May 14th. The company reported C$0.06 earnings per share for the quarter. The business had revenue of C$64.83 million during the quarter. Vecima Networks had a negative return on equity of 6.16% and a negative net margin of 4.72%. Research analysts anticipate that Vecima Networks will post 1.1799065 earnings per share for the current fiscal year.

About Vecima Networks

Vecima Networks Inc delivers scalable software, services, and integrated technologies for broadband access, content delivery, and telematics. The company operates in three segments: Video & Broadband Solutions, Content Delivery & Storage, and Telematics. The Video & Broadband Solutions segment delivers scalable, flexible broadband and video networks for cable and telecommunications operators to meet tomorrow’s bandwidth demands. The Content Delivery & Storage segment develops advanced applications that protect, transform, and deliver visual media.