Vecima Networks Inc. (VCM) to Distribute Quarterly Dividend of $0.06 on November 9th

Vecima Networks Inc. (TSE:VCM) announced a quarterly dividend on Friday, October 16th. Investors of record on Monday, November 9th will be given a dividend of $0.0550 per share on Monday, November 9th. This represents a $0.22 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, October 16th.

Vecima Networks Trading Up 0.4%

TSE VCM opened at C$13.45 on Wednesday. The business’s 50-day moving average price is C$12.58 and its two-hundred day moving average price is C$12.95. Vecima Networks has a 12 month low of C$9.31 and a 12 month high of C$14.49. The firm has a market capitalization of C$327.04 million, a PE ratio of 103.46 and a beta of 0.40. The company has a current ratio of 1.71, a quick ratio of 0.83 and a debt-to-equity ratio of 22.55.

Vecima Networks (TSE:VCM) last released its earnings results on Thursday, September 24th. The company reported C$0.21 earnings per share for the quarter. Vecima Networks had a net margin of 1.06% and a return on equity of 1.49%. The business had revenue of C$85.33 million during the quarter. On average, analysts expect that Vecima Networks will post 1.18 EPS for the current year.

About Vecima Networks

Vecima Networks Inc (TSX: VCM) builds the intelligent infrastructure powering the next generation of connectivity. Through broadband access, content delivery, cloud-native software, automation, and AI-enabled solutions, Vecima helps service providers modernize cable and fiber networks, deliver exceptional broadband and video experiences, and operate more intelligent, efficient networks. As operators evolve toward AI-enabled, software-driven architectures, Vecima’s platforms simplify operations, accelerate innovation, and enable the reliable, high-performance networks that connect homes, businesses, and communities around the world.