Vecima Networks Inc Plans Quarterly Dividend of C$0.06 (VCM)
Vecima Networks Inc (TSE:VCM) declared a quarterly dividend on Friday, October 7th. Stockholders of record on Wednesday, November 2nd will be paid a dividend of 0.055 per share on Wednesday, November 2nd. This represents a $0.22 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend is Friday, October 7th.
Vecima Networks (TSE:VCM) opened at 8.95 on Friday. The company has a market cap of $200.51 million and a price-to-earnings ratio of 9.12. Vecima Networks has a 52 week low of $8.78 and a 52 week high of $12.60. The stock has a 50 day moving average price of $9.72 and a 200 day moving average price of $10.72.
VCM has been the subject of several research reports. Pi Financial reduced their price objective on Vecima Networks from C$12.00 to C$11.25 and set a “neutral” rating for the company in a report on Tuesday, September 27th. CIBC reduced their price objective on Vecima Networks from C$13.00 to C$10.00 in a report on Tuesday, September 27th.
About Vecima Networks
Vecima Networks Inc is a Canada-based company, which designs, manufactures and sells products that enable broadband access to cable, wireless and telephony networks. The Company operates in Saskatoon, Saskatchewan, Burnaby and Victoria. It has a software development facility in Mangalore, India. Service providers use its solutions to deliver services to a broadband market, including triple play (voice, video and data) and quadruple play (voice, video, data and wireless) services.
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