Virco Manufacturing Corporation (NASDAQ:VIRC) Plans Quarterly Dividend of $0.03

Virco Manufacturing Corporation (NASDAQ:VIRC) announced a quarterly dividend on Thursday, September 3rd. Stockholders of record on Friday, September 18th will be given a dividend of 0.025 per share on Friday, October 9th. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, September 18th.

Virco Manufacturing has a payout ratio of 11.5% indicating that its dividend is sufficiently covered by earnings.

Virco Manufacturing Trading Up 7.8%

Shares of NASDAQ VIRC traded up $0.47 during mid-day trading on Friday, reaching $6.52. The company had a trading volume of 87,466 shares, compared to its average volume of 49,761. The business’s 50-day moving average is $6.07 and its 200-day moving average is $6.10. The company has a current ratio of 2.71, a quick ratio of 0.90 and a debt-to-equity ratio of 0.03. The stock has a market cap of $102.56 million, a price-to-earnings ratio of -108.65 and a beta of 0.20. Virco Manufacturing has a 52 week low of $5.16 and a 52 week high of $8.90.

Virco Manufacturing (NASDAQ:VIRC) last posted its quarterly earnings results on Friday, September 4th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.07 by $0.48. Virco Manufacturing had a negative net margin of 0.48% and a negative return on equity of 0.16%.

Virco Manufacturing Company Profile

Virco Manufacturing Corporation (NASDAQ: VIRC) is a leading American manufacturer of furniture, primarily serving the K-12 education market. Headquartered in Torrance, California, the company designs, produces and distributes a comprehensive range of classroom seating, student desks, tables and educational workstations. Over several decades, Virco has built a reputation for durable, cost-effective solutions tailored to the needs of schools, colleges and other institutional customers.

The company’s product portfolio includes molded plastic and wood-seat student chairs, modular and fixed-height desks, multi-purpose tables, computer furniture, laboratory stools and teacher furnishings.