Vecima Networks Inc Plans Quarterly Dividend of C$0.06 (VCM)
Vecima Networks Inc (TSE:VCM) declared a quarterly dividend on Friday, October 7th. Shareholders 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 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date is Friday, October 7th.
Vecima Networks (TSE:VCM) opened at 8.95 on Friday. The firm has a 50-day moving average of $9.72 and a 200-day moving average of $10.72. The company has a market capitalization of $200.51 million and a P/E ratio of 9.12. Vecima Networks has a 52 week low of $8.78 and a 52 week high of $12.60.
A number of research firms recently weighed in on VCM. CIBC lowered their price target on shares of Vecima Networks from C$13.00 to C$10.00 in a research report on Tuesday, September 27th. Pi Financial reduced their target price on shares of Vecima Networks from C$12.00 to C$11.25 and set a “neutral” rating on the stock in a research note on Tuesday, September 27th.
Vecima Networks Company Profile
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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