VSE Corporation Declares Quarterly Cash Dividend

Rhea-AI Summary

VSE Corporation (NASDAQ: VSEC) has declared a quarterly cash dividend of $0.10 per share, payable on November 16, 2022, to stockholders of record as of November 2, 2022. This announcement reflects the company's ongoing commitment to returning value to its shareholders amidst its operations in aftermarket distribution and MRO services for transportation assets in government and commercial markets.

Positive

• Dividend of $0.10 per share reflects commitment to shareholder value.

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 for 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. The dividend is payable on November 16, 2022 to stockholders of record at the close of business on November 2, 2022.

ABOUT VSE CORPORATION

VSE is a leading provider of aftermarket distribution and repair services for land, sea and air transportation assets for government and commercial markets. Core services include 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/20220727006022/en/

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

Source: VSE Corporation

FAQ

What is the dividend amount declared by VSE Corporation?

VSE Corporation declared a dividend of $0.10 per share.

When is the dividend payable to shareholders?

The dividend is payable on November 16, 2022.

What is the record date for the dividend?

The record date for the dividend is November 2, 2022.

What are the services provided by VSE Corporation?

VSE Corporation offers aftermarket distribution, maintenance, repair, and overhaul services for transportation assets.