Hello, Guest!

VSE’s Mo Gautheir Comments on Financial Move

VSE Corporation (Nasdaq: VSEC) reported their company’s board of directors “declared a quarterly dividend of $0.06 per share, increasing the cash dividend by 20% to an annual payout rate of $0.24 per share.”

According to VSE: “The $0.06 per share dividend declared on June 1, 2010 will be paid on August 11, 2010, to stockholders of record as of July 28, 2010.  VSE has paid cash dividends since 1973 and has increased its dividend each year since 2004. The payment and amount of future dividends will depend on existing conditions, including the company’s earnings, financial condition, working capital requirements, and other factors.”

“Increasing our quarterly dividend to $0.06 demonstrates the strength of our business model and reflects our confidence in our ability to generate cash and drive shareholder returns, ” said CEO Mo Gauthier.

Video of the Day

Related Articles