VSE Corporation Declares Quarterly Cash Dividend

Rhea-AI Summary

VSE (NASDAQ: VSEC), a key provider of aftermarket distribution and repair services, has announced a regular quarterly cash dividend of $0.10 per share. Approved by the company's Board of Directors, this dividend is slated for payment on July 31, 2024, to shareholders of record as of July 17, 2024.

Positive

• Quarterly cash dividend of $0.10 per share reflects financial stability.
• Dividend payments signal confidence in the company's cash flow.
• Regular dividends can attract and retain investors.

Negative

• Dividend amount of $0.10 per share may be considered low by some investors.
• No additional information provided on the company's overall financial performance.

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 July 31, 2024 to stockholders of record at the close of business on July 17, 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/20240523775092/en/

INVESTOR RELATIONS CONTACT:

Michael Perlman

Vice President of Investor Relations and Treasury

Phone: (954) 547-0480

Email: investors@vsecorp.com

Source: VSE Corporation

FAQ

What is the dividend amount announced by VSE ?

VSE announced a quarterly cash dividend of $0.10 per share.

When will VSE pay the declared dividend?

The dividend will be paid on July 31, 2024.

What is the record date for VSE 's dividend?

The record date for the dividend is July 17, 2024.

What does the dividend announcement mean for VSE 's investors?

The announcement of a dividend reflects financial stability and can attract and retain investors.