VSE Corporation Declares Quarterly Cash Dividend Increase

Rhea-AI Summary

VSE Corporation (NASDAQ: VSEC) has declared a quarterly cash dividend of $0.10 per share, marking an 11% increase. This dividend will be paid on February 9, 2022 to shareholders on record as of January 26, 2022. VSE specializes in aftermarket distribution and maintenance, repair, and overhaul (MRO) services for various transportation assets, supporting both government and commercial sectors.

Positive

• 11% increase in quarterly dividend indicates company growth and confidence.
• Regular cash dividend appeals to income-focused investors.

Negative

• None.

ALEXANDRIA, Va.--(BUSINESS WIRE)-- VSE Corporation (NASDAQ: VSEC), a leading provider of aftermarket distribution and maintenance, repair and overhaul (MRO) services for land, sea and air transportation assets supporting government and commercial markets, announced that the Company's Board of Directors has declared a regular quarterly cash dividend of $0.10 per share of VSE common stock, an increase of 11% per share. The dividend is payable on February 9, 2022 to stockholders of record at the close of business on January 26, 2022.

ABOUT VSE CORPORATION
VSE is a leading provider of aftermarket distribution and repair services for land, sea and air transportation assets supporting government and commercial markets. Core services include maintenance, repair and overhaul (MRO) services, parts distribution, supply chain management and logistics, engineering support, and consulting and training services for global commercial, federal, military and defense customers. VSE also provides information technology and energy consulting services. For additional information regarding VSE’s products and services, visit 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/20211207005999/en/

INVESTOR RELATIONS: Noel Ryan | 720.778.2415 | investors@vsecorp.com

Source: VSE Corporation

FAQ

What is the new dividend amount for VSE Corporation?

VSE Corporation's new quarterly dividend amount is $0.10 per share.

When is the dividend payable for VSEC?

The dividend is payable on February 9, 2022.

What is the record date for VSEC's dividend?

The record date for the dividend is January 26, 2022.

How much has VSE Corporation increased its dividend?

VSE Corporation has increased its dividend by 11%.