Vecima Networks Inc. (TSE:VCM) Plans $0.06 Quarterly Dividend

Vecima Networks Inc. (TSE:VCM) declared a quarterly dividend on Friday, May 29th, TickerTech Dividends reports. Investors of record on Monday, June 22nd will be paid a dividend of 0.055 per share on Monday, June 22nd. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, May 29th.

Vecima Networks Trading Up 3.7%

Shares of TSE:VCM opened at C$13.99 on Wednesday. Vecima Networks has a 12-month low of C$8.90 and a 12-month high of C$14.01. The company has a market capitalization of C$340.17 million, a PE ratio of -25.91 and a beta of 0.73. The business has a 50 day moving average of C$13.19 and a two-hundred day moving average of C$11.42. The company has a current ratio of 1.54, a quick ratio of 0.83 and a debt-to-equity ratio of 29.54.

Vecima Networks (TSE:VCM) last announced its quarterly earnings results on Thursday, May 14th. The company reported C$0.06 earnings per share (EPS) for the quarter. Vecima Networks had a negative return on equity of 6.16% and a negative net margin of 4.72%.The company had revenue of C$64.83 million during the quarter. As a group, analysts forecast that Vecima Networks will post 1.1799065 EPS for the current year.

About Vecima Networks

Vecima Networks Inc delivers scalable software, services, and integrated technologies for broadband access, content delivery, and telematics. The company operates in three segments: Video & Broadband Solutions, Content Delivery & Storage, and Telematics. The Video & Broadband Solutions segment delivers scalable, flexible broadband and video networks for cable and telecommunications operators to meet tomorrow’s bandwidth demands. The Content Delivery & Storage segment develops advanced applications that protect, transform, and deliver visual media.