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 February 9, 2023 to stockholders of record by January 26, 2023. The company specializes in aftermarket distribution and MRO services for transportation assets across governmental and commercial sectors. With a focus on engineering support, supply chain management, and consulting, VSE enhances operational efficiency and service delivery for its diverse customer base.

Positive

• Quarterly cash dividend of $0.10 per share declared.
• Dividend payable to shareholders, reflecting company confidence.

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 February 9, 2023 to stockholders of record at the close of business on January 26, 2023.

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/20230109005873/en/

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

Source: VSE Corporation

FAQ

What is the amount of the dividend declared by VSE Corporation?

VSE Corporation declared a quarterly cash dividend of $0.10 per share.

When is the dividend payment date for VSE Corporation?

The dividend is payable on February 9, 2023.

What is the record date for VSE Corporation's dividend?

The record date for the dividend is January 26, 2023.

What services does VSE Corporation provide?

VSE Corporation provides aftermarket distribution, MRO services, supply chain management, and consulting for land, sea, and air transportation assets.