Virco Manufacturing Corporation (VIRC) To Go Ex-Dividend on June 18th

Virco Manufacturing Corporation (NASDAQ:VIRC) declared a quarterly dividend on Tuesday, June 2nd. Investors of record on Friday, June 19th will be paid a dividend of 0.025 per share on Friday, July 10th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Thursday, June 18th.

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

Virco Manufacturing Trading Down 2.8%

NASDAQ VIRC opened at $6.30 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 2.71 and a debt-to-equity ratio of 0.03. Virco Manufacturing has a twelve month low of $5.16 and a twelve month high of $9.09. The firm has a market capitalization of $99.10 million, a PE ratio of -104.98 and a beta of 0.22. The stock’s 50 day moving average is $6.02 and its 200 day moving average is $6.30.

Virco Manufacturing (NASDAQ:VIRC) last posted its quarterly earnings data on Wednesday, June 3rd. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.19). The firm had revenue of $30.69 million during the quarter, compared to the consensus estimate of $27.20 million. Virco Manufacturing had a negative return on equity of 0.16% and a negative net margin of 0.48%.

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.