VSE Corporation (NASDAQ:VSEC) Shares to Pay Quarterly Dividend of $0.10

VSE Corporation (NASDAQ:VSEC) declared a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Friday, January 15th will be given a dividend of $0.10 per share by the construction company on Friday, January 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, January 15th.

VSE has a payout ratio of 8.8% meaning its dividend is sufficiently covered by earnings. Analysts expect VSE to earn $8.00 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 5.0%.

VSE Stock Up 1.3%

Shares of NASDAQ VSEC traded up $2.07 during mid-day trading on Wednesday, hitting $165.03. 46,155 shares of the stock traded hands, compared to its average volume of 530,824. The company has a market cap of $4.63 billion, a price-to-earnings ratio of 52.89, a PEG ratio of 0.65 and a beta of 1.26. The stock has a fifty day moving average price of $176.32 and a 200-day moving average price of $195.73. VSE has a 52 week low of $138.85 and a 52 week high of $247.85. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.30 and a current ratio of 3.77.

VSE (NASDAQ:VSEC) last posted its quarterly earnings data on Wednesday, August 5th. The construction company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.82. VSE had a return on equity of 6.71% and a net margin of 6.17%. The business had revenue of $449.14 million during the quarter, compared to the consensus estimate of $425.03 million. During the same quarter in the prior year, the company earned $0.97 earnings per share. The firm’s quarterly revenue was up 65.0% compared to the same quarter last year. Research analysts anticipate that VSE will post 6.72 EPS for the current year.

VSE Company Profile

VSE Corporation is a diversified provider of aftermarket distribution, maintenance, repair, overhaul, engineering, logistics and other sustainment services for government and commercial customers. The company supports complex assets and supply chains, with activities spanning aviation, defense, transportation and fleet markets.

Through its aviation businesses, VSE distributes aircraft parts and provides maintenance, repair and overhaul services for commercial, general aviation, business and government aircraft.