VSE Corporation (VSEC) to Issue Quarterly Dividend of $0.10 on January 29th

VSE Corporation (NASDAQ:VSEC) declared a quarterly dividend on Tuesday, November 18th. Shareholders of record on Thursday, January 15th will be given a dividend of 0.10 per share by the construction company on Thursday, January 29th. This represents a c) dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, January 15th.

VSE has increased its dividend payment by an average of 0.0%per year over the last three years. VSE has a dividend payout ratio of 8.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect VSE to earn $4.55 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 8.8%.

VSE Stock Up 3.6%

VSEC stock opened at $208.55 on Tuesday. VSE has a 52 week low of $89.94 and a 52 week high of $208.77. The company has a quick ratio of 1.41, a current ratio of 3.94 and a debt-to-equity ratio of 0.35. The firm has a 50-day simple moving average of $176.43 and a 200-day simple moving average of $163.19. The stock has a market capitalization of $4.80 billion, a P/E ratio of 306.70, a P/E/G ratio of 2.31 and a beta of 1.37.

VSE (NASDAQ:VSEC) last posted its quarterly earnings data on Monday, October 27th. The construction company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.15. VSE had a return on equity of 7.64% and a net margin of 1.23%.The company had revenue of $282.91 million for the quarter, compared to analysts’ expectations of $276.48 million. VSE’s revenue was up 38.9% on a year-over-year basis. Equities analysts forecast that VSE will post 2.96 earnings per share for the current fiscal year.

Institutional Trading of VSE

Several hedge funds have recently made changes to their positions in VSEC. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of VSE during the 2nd quarter valued at approximately $28,000. AQR Capital Management LLC acquired a new stake in VSE during the first quarter worth $247,000. Farther Finance Advisors LLC raised its position in VSE by 946.7% in the third quarter. Farther Finance Advisors LLC now owns 1,884 shares of the construction company’s stock valued at $313,000 after purchasing an additional 1,704 shares during the period. Handelsbanken Fonder AB acquired a new position in shares of VSE in the 2nd quarter valued at $498,000. Finally, SG Americas Securities LLC grew its holdings in shares of VSE by 262.1% during the 3rd quarter. SG Americas Securities LLC now owns 4,168 shares of the construction company’s stock worth $693,000 after purchasing an additional 3,017 shares during the period. Hedge funds and other institutional investors own 91.54% of the company’s stock.

About VSE

VSE Corporation (NASDAQ: VSEC) is a provider of aftermarket distribution and supply chain management services serving both government and commercial markets. The company’s solutions span a wide range of industries, with particular emphasis on defense, aerospace and transportation. VSE’s core mission is to ensure mission readiness by delivering critical parts, maintenance and technical support for equipment throughout its lifecycle.

Through its Distribution Services segment, VSE sources, markets and distributes replacement parts and components for commercial truck, bus, rail and specialty vehicle applications.