VSE Declares a $0.08 per Share Cash Dividend
02 May 2018 - 7:00AM
Business Wire
VSE Corporation (Nasdaq: VSEC) reported today that the
Company's Board of Directors has declared a quarterly dividend of
$0.08 per share, an increase of 14%, for an annual payout rate
$0.32 per share as compared to the prior annual payout rate of
$0.28 per share. The dividend will be paid on August 1, 2018, to
stockholders of record as of July 18, 2018.
VSE has paid cash dividends each year since 1973 and has
increased its cash dividend rate each year since 2004. The payment
and amount of future dividends are subject to authorization by the
Board of Directors, and will depend on current conditions,
including the Company's earnings, financial condition, working
capital requirements, and other factors.
“We are pleased to announce an increase in our quarterly
dividend consistent with prior years,” VSE CEO, Maurice “Mo”
Gauthier said. “This increase reflects our commitment to
shareholder value and confidence in the future of the company.”
About VSE
Established in 1959, VSE is a diversified products and services
company providing logistics solutions with integrity, agility, and
value. VSE is dedicated to making our federal and commercial
clients successful by delivering innovative solutions for vehicle,
ship, and aircraft sustainment, supply chain management, platform
modernization, mission enhancement, and program management, and
providing energy, IT, and consulting services. For additional
information regarding VSE services and products, please see the
Company's web site at www.vsecorp.com or contact Christine Kaineg,
VSE Investor Relations, at (703) 329-3263.
VSE encourages investors and others to review the detailed
reporting and disclosures contained in VSE’s public filings with
the Securities and Exchange Commission (SEC) for further
information and analysis of VSE’s financial condition and results
of operations. The public filings include additional discussion
about the status of specific customer programs and contract awards,
risks, revenue sources and funding, dependence on material
customers, and management’s discussion of short and long term
business challenges and opportunities.
Safe Harbor
This news release contains statements that to the extent they
are not recitations of historical fact, constitute “forward looking
statements” under federal securities laws. All such statements are
intended to be subject to the safe harbor protection provided by
applicable securities laws. For discussions identifying some
important factors that could cause actual VSE results to differ
materially from those anticipated in the forward looking statements
in this news release, see VSE’s public filings with the SEC.
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version on businesswire.com: https://www.businesswire.com/news/home/20180501006724/en/
VSE Financial News ContactChristine Kaineg, 703-329-3263
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