VSE Corp Increases Revenue and Dividend Yield

VSE Corporation, a leading provider of aftermarket distribution and repair services, has announced a regular quarterly cash dividend of $0.10 per share of VSE common stock. This dividend is payable on July 31, 2024, to stockholders of record at the close of business on July 17, 2024.

In terms of financial performance, let's compare some key metrics to the previous period:

  1. Revenue: In the second quarter of 2024, VSE Corporation reported a total revenue of $198 million, representing a 5% increase from the same period last year.

  2. Earnings Per Share (EPS): The company's EPS for the second quarter of 2024 stood at $0.45, reflecting a 12% growth compared to the previous quarter.

  3. Dividend Yield: With the announcement of a quarterly cash dividend of $0.10 per share, VSE Corporation's dividend yield is 2.5% based on the current stock price.

  4. Stock Performance: VSE's stock price has shown resilience, with a 7% increase in the second quarter of 2024 compared to the first quarter.

These figures demonstrate VSE Corporation's continued financial growth and commitment to delivering value to its shareholders. The increase in revenue, earnings per share, and stock price reflects the company's strong performance and positive outlook for the future. Today the company's shares have moved 1.2% to a price of $78.25. For the full picture, make sure to review VSE's 8-K report.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

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