VSE Corporation (VSEC) to Issue Quarterly Dividend of $0.10 on April 29th

VSE Corporation (NASDAQ:VSEC) declared a quarterly dividend on Tuesday, February 24th. Shareholders of record on Wednesday, April 15th will be paid a dividend of 0.10 per share by the construction company on Wednesday, April 29th. This represents a c) annualized dividend and a yield of 0.2%. The ex-dividend date is Wednesday, April 15th.

VSE has increased its dividend payment by an average of 0.0%annually over the last three years. VSE has a payout ratio of 8.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect VSE to earn $4.55 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 8.8%.

VSE Trading Up 0.2%

Shares of VSE stock traded up $0.43 on Thursday, reaching $219.97. 159,972 shares of the company’s stock were exchanged, compared to its average volume of 545,920. The company has a market capitalization of $5.07 billion, a P/E ratio of 327.62, a price-to-earnings-growth ratio of 2.56 and a beta of 1.35. VSE has a 52 week low of $100.53 and a 52 week high of $231.60. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.41 and a current ratio of 3.94. The firm’s 50-day moving average is $200.75 and its two-hundred day moving average is $179.42.

VSE (NASDAQ:VSEC) last released its earnings results on Wednesday, February 25th. The construction company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.28. The company had revenue of $301.18 million for the quarter, compared to the consensus estimate of $289.55 million. VSE had a net margin of 1.23% and a return on equity of 7.64%. VSE’s quarterly revenue was up 32.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.63 EPS. Sell-side analysts predict that VSE will post 2.96 EPS for the current fiscal year.

Institutional Investors Weigh In On VSE

Institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of VSE by 145.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 258 shares of the construction company’s stock worth $45,000 after buying an additional 153 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in VSE during the second quarter worth about $28,000. Farther Finance Advisors LLC raised its position in VSE by 17.1% in the fourth quarter. Farther Finance Advisors LLC now owns 2,207 shares of the construction company’s stock worth $381,000 after acquiring an additional 323 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in VSE by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,485 shares of the construction company’s stock worth $1,258,000 after acquiring an additional 470 shares during the period. Finally, Handelsbanken Fonder AB boosted its stake in VSE by 47.4% in the fourth quarter. Handelsbanken Fonder AB now owns 5,600 shares of the construction company’s stock valued at $968,000 after acquiring an additional 1,800 shares during the last quarter. Institutional investors own 91.54% of the company’s stock.

About VSE

VSE Corporation (NASDAQ: VSEC) is a provider of aftermarket distribution and supply chain management services serving both government and commercial markets. The company’s solutions span a wide range of industries, with particular emphasis on defense, aerospace and transportation. VSE’s core mission is to ensure mission readiness by delivering critical parts, maintenance and technical support for equipment throughout its lifecycle.

Through its Distribution Services segment, VSE sources, markets and distributes replacement parts and components for commercial truck, bus, rail and specialty vehicle applications.