VSE Corporation Declares Quarterly Cash Dividend

Rhea-AI Summary

VSE (NASDAQ: VSEC), a leading provider of aftermarket distribution and repair services, has announced a regular quarterly cash dividend. The Board of Directors has declared a dividend of $0.10 per share of VSE common stock. This dividend will be payable on November 20, 2024, to stockholders of record at the close of business on November 6, 2024. This announcement demonstrates VSE's commitment to providing consistent returns to its shareholders and reflects the company's financial stability.

Positive

• Regular quarterly dividend of $0.10 per share declared
• Consistent dividend payments indicate financial stability

Negative

• None.

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 November 20, 2024, to stockholders of record at the close of business on November 6, 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/20240801873488/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 amount of VSE 's (VSEC) quarterly dividend for 2024?

VSE (VSEC) has declared a quarterly cash dividend of $0.10 per share of common stock for 2024.

When is the ex-dividend date for VSE 's (VSEC) Q4 2024 dividend?

The press release does not specify the ex-dividend date. Typically, it's a few days before the record date, which is November 6, 2024.

What is the payment date for VSE 's (VSEC) latest declared dividend?

The payment date for VSE 's (VSEC) latest declared dividend is November 20, 2024.

How often does VSE (VSEC) pay dividends?

Based on the announcement of a 'regular quarterly cash dividend', VSE (VSEC) pays dividends on a quarterly basis.