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.
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.
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