VSE Corporation Declares Quarterly Cash Dividend

Rhea-AI Summary

VSE Corporation (NASDAQ: VSEC) announced a quarterly cash dividend of $0.09 per share, payable on July 28, 2021 to stockholders recorded by July 14, 2021. This dividend reflects the company's commitment to providing returns to its shareholders. VSE specializes in aftermarket distribution and maintenance, repair, and overhaul (MRO) services across land, sea, and air transportation sectors. With a focus on supporting both government and commercial markets, VSE offers extensive services including parts distribution and supply chain management.

Positive

• Quarterly cash dividend of $0.09 per share signifies company confidence in financial stability.
• Payment date of July 28, 2021, reflects timely returns to shareholders.

Negative

• None.

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 $0.09 per share of VSE common stock. The dividend is payable on July 28, 2021 to stockholders of record at the close of business on July 14, 2021.

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/20210505005958/en/

FAQ

What is the dividend amount declared by VSE Corporation for Q2 2021?

VSE Corporation has declared a dividend of $0.09 per share.

When will VSE Corporation's dividend be paid?

The dividend will be payable on July 28, 2021.

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

The record date for the dividend payment is July 14, 2021.

Is the dividend from VSE Corporation sustainable?

The press release does not provide specific details about the sustainability of the dividend.