VSE Co. (NASDAQ:VSEC) Plans $0.10 Quarterly Dividend

VSE Co. (NASDAQ:VSEC) declared a quarterly dividend on Monday, April 29th, Zacks reports. Investors of record on Thursday, May 2nd will be given a dividend of 0.10 per share by the construction company on Thursday, May 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Wednesday, May 1st.

VSE has raised its dividend payment by an average of 3.6% annually over the last three years. VSE has a dividend payout ratio of 8.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect VSE to earn $4.91 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 8.1%.

VSE Stock Performance

VSEC opened at $77.05 on Tuesday. The company has a current ratio of 2.70, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 32.10 and a beta of 1.67. The company’s 50 day moving average is $76.57 and its 200 day moving average is $66.32. VSE has a 12-month low of $42.29 and a 12-month high of $83.00.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Truist Financial lifted their price target on shares of VSE from $77.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. StockNews.com downgraded shares of VSE from a “hold” rating to a “sell” rating in a report on Friday, January 26th. Finally, Benchmark reaffirmed a “buy” rating and set a $85.00 price target on shares of VSE in a report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.25.

VSE Company Profile

VSE Corporation operates as a diversified aftermarket products and services company in the United States. The company operates through two segments, Aviation and Fleet. The Aviation segment provides aftermarket parts supply and distribution; maintenance, repair, and overhaul services for components and engine accessories supporting commercial, business, and general aviation operators.