Velan Inc. (VLN) To Go Ex-Dividend on December 13th

Velan Inc. (TSE:VLN) announced a quarterly dividend on Thursday, October 11th, Zacks reports. Shareholders of record on Friday, December 14th will be given a dividend of 0.03 per share on Friday, December 28th. This represents a $0.12 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Thursday, December 13th.

Shares of VLN stock traded up C$0.21 during trading hours on Friday, hitting C$8.82. 3,700 shares of the company were exchanged, compared to its average volume of 4,539. The company has a debt-to-equity ratio of 13.36, a current ratio of 2.14 and a quick ratio of 1.21. Velan has a 52 week low of C$8.12 and a 52 week high of C$20.49.

Velan (TSE:VLN) last issued its quarterly earnings results on Thursday, October 11th. The company reported C($0.15) earnings per share (EPS) for the quarter. The firm had revenue of C$119.66 million for the quarter.

In other news, insider Edward James Kernaghan purchased 11,300 shares of the company’s stock in a transaction dated Thursday, October 4th. The shares were purchased at an average price of C$11.40 per share, for a total transaction of C$128,820.00. Insiders bought a total of 17,800 shares of company stock worth $199,934 in the last 90 days.

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Velan Company Profile

Velan Inc designs, manufactures, and markets industrial valves worldwide. It offers cryogenic valves comprising cast steel cryogenic, small forged cryogenic, cryogenic triple-offset, ball, and cryogenic control valves; gate, globe, and check valves, including pressure seal, cast steel, small forged, dual-plate check, bolted bonnet high pressure, cast stainless steel corrosion resistant, bonnetless, and knife gate valves, as well as maintenance valves for nuclear service; and quarter-turn valves, such as ball, metal-seated ball, forged ball, power ball, high performance three-piece ball, general purpose ball, triple-offset butterfly, high performance cryogenic butterfly, coker ball, and cap-tight batch digester capping valves.

Further Reading: Why does a company issue an IPO?

Dividend History for Velan (TSE:VLN)

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