VSE Corporation Declares Quarterly Cash Dividend

Rhea-AI Summary

VSE Corporation (NASDAQ: VSEC) has announced a regular quarterly cash dividend of $0.10 per share, scheduled for payment on May 17, 2023. Shareholders of record as of May 3, 2023 will be eligible to receive this dividend. The company, which specializes in aftermarket distribution and MRO services for various transportation assets, aims to support both commercial and government markets. VSE provides a range of services including parts distribution, logistics, and engineering support, contributing to its reputation in the sector.

Positive

• Declaring a quarterly cash dividend of $0.10 per share reflects the company's commitment to returning value to shareholders.
• The dividend payment date of May 17, 2023, demonstrates the company's financial stability.

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 commercial and government 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 May 17, 2023 to stockholders of record at the close of business on May 3, 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/20230308005794/en/

INVESTOR RELATIONS CONTACT:

Noel Ryan | 720.778.2415 | investors@vsecorp.com

Source: VSE Corporation

FAQ

What is the dividend amount for VSE Corporation in 2023?

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

When is the dividend payment date for VSEC?

The dividend payment date for VSEC is May 17, 2023.

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

The record date for the dividend is May 3, 2023.

How frequently does VSE Corporation pay dividends?

VSE Corporation pays dividends on a quarterly basis.

Is the dividend declared by VSE sustainable?

The sustainability of VSE's dividend will depend on future earnings and cash flow, which can be influenced by various market factors.