VSE Co. (NASDAQ:VSEC) Declares $0.10 Quarterly Dividend

VSE Co. (NASDAQ:VSEC) announced a quarterly dividend on Tuesday, July 30th, Zacks reports. Investors of record on Wednesday, November 6th will be paid a dividend of 0.10 per share by the construction company on Wednesday, November 20th. This represents a $0.40 annualized dividend and a dividend yield of 0.39%. The ex-dividend date is Wednesday, November 6th.

VSE has raised its dividend by an average of 3.6% annually over the last three years. VSE has a dividend payout ratio of 8.8% meaning its dividend is sufficiently covered by earnings. Analysts expect VSE to earn $4.68 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 8.5%.

VSE Price Performance

Shares of VSEC opened at $103.33 on Monday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.17 and a current ratio of 3.53. The firm has a market cap of $1.90 billion, a PE ratio of 31.58 and a beta of 1.56. VSE has a twelve month low of $54.65 and a twelve month high of $108.30. The firm’s 50 day moving average price is $91.04 and its 200 day moving average price is $86.19.

Wall Street Analysts Forecast Growth

VSEC has been the subject of several analyst reports. Truist Financial lifted their price objective on shares of VSE from $97.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Jefferies Financial Group boosted their price target on VSE from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Royal Bank of Canada increased their price objective on VSE from $100.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Finally, Benchmark reissued a “buy” rating and issued a $100.00 price objective on shares of VSE in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $107.83.

Insider Activity

In related news, major shareholder Calvin Scott Koonce sold 15,300 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $91.83, for a total transaction of $1,404,999.00. Following the completion of the transaction, the insider now owns 463,284 shares of the company’s stock, valued at approximately $42,543,369.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 14.60% of the stock is currently owned by company insiders.

VSE Company Profile

VSE Corporation operates as a diversified aftermarket products and services company in the United States. The company operates through two segments, Aviation and Fleet. The Aviation segment provides aftermarket parts supply and distribution; maintenance, repair, and overhaul services for components and engine accessories supporting commercial, business, and general aviation operators.