VSE Corporation Declares Quarterly Cash Dividend

Rhea-AI Summary

VSE Corporation (VSEC) declares a regular quarterly cash dividend of $0.10 per share for stockholders, payable on May 16, 2024.

Financial Analyst

The declaration of a regular quarterly cash dividend by VSE Corporation is a tangible reflection of the company's current financial health and its ability to generate sufficient cash flow. Dividends are often viewed as a sign of a company's stability and maturity and they can also signal confidence from the board in the company's future earnings. The announced dividend of $0.10 per share could potentially attract income-focused investors, leading to a more diversified shareholder base.

However, it's crucial to assess the dividend yield, which is the dividend per share divided by the stock price. If the yield is significantly higher or lower than the industry average, it could indicate a divergence from market expectations. Investors should also consider the payout ratio, which is the portion of earnings paid out as dividends, to evaluate whether the dividend is sustainable in the long term without impacting the company's growth investments.

Market Research Analyst

When a company like VSE Corporation announces a regular dividend, it can have implications for its stock's market perception. Regular dividends can make a stock more appealing to a certain class of investors, such as those seeking steady income streams, including retirees or conservative investors. This can increase stock demand and potentially stabilize the stock's price.

Market reaction to such announcements can also be influenced by broader economic conditions. For instance, in a low-interest-rate environment, dividend-paying stocks can be particularly attractive as they offer better returns than many fixed-income alternatives. Conversely, in a high-interest-rate environment, the relative appeal might diminish.

ALEXANDRIA, Va.--(BUSINESS WIRE)-- VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and repair services, announced that the Company’s Board of Directors has declared a regular quarterly cash dividend of $0.10 per share of VSE common stock. The dividend is payable on May 16, 2024, to stockholders of record at the close of business on May 2, 2024.

ABOUT VSE CORPORATION

VSE is a leading provider of aftermarket distribution and repair services. Operating through its two key segments, VSE significantly enhances the productivity and longevity of its customers' high-value, business-critical assets. The Aviation segment is a leading provider of aftermarket parts distribution and maintenance, repair, and overhaul (MRO) services for components and engine accessories to commercial, business, and general aviation operators. The Fleet segment specializes in part distribution, engineering solutions, and supply chain management services catered to the medium and heavy-duty fleet market. For more detailed information, please visit VSE's website at www.vsecorp.com.

FORWARD-LOOKING STATEMENTS

This press release contains certain forward-looking statements. These forward-looking statements, which are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause VSE’s actual results to vary materially from those indicated or anticipated by such statements. Many factors could cause actual results and performance to be materially different from any future results or performance, including, among others, the risk factors described in our reports filed or expected to be filed with the SEC. Any forward-looking statement or statement of belief speaks only as of the date of this press release. We undertake no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240308134546/en/

INVESTOR RELATIONS CONTACT:

Michael Perlman

Vice President of Investor Relations and Treasury

Phone: (954) 547-0480

Email: investors@vsecorp.com

Source: VSE Corporation

When is the regular quarterly cash dividend payable for VSE Corporation (VSEC)?

The regular quarterly cash dividend of $0.10 per share for VSE Corporation (VSEC) is payable on May 16, 2024.

What is the amount of the regular quarterly cash dividend declared by VSE Corporation (VSEC)?

VSE Corporation (VSEC) declared a regular quarterly cash dividend of $0.10 per share.

When is the record date for stockholders to receive the regular quarterly cash dividend from VSE Corporation (VSEC)?

Stockholders of VSE Corporation (VSEC) must be recorded at the close of business on May 2, 2024, to receive the regular quarterly cash dividend.