Vecima Networks Inc. (TSE:VCM) to Issue $0.06 Quarterly Dividend

Posted by Amy Steele on Nov 21st, 2024

Vecima Networks Inc. (TSE:VCM – Get Free Report) announced a quarterly dividend on Friday, November 22nd,TickerTech Dividends reports. Investors of record on Monday, December 16th will be given a dividend of 0.055 per share on Monday, December 16th. This represents a $0.22 annualized dividend and a yield of 1.27%. The ex-dividend date is Friday, November 22nd.

Vecima Networks Stock Up 4.8 %

Shares of TSE:VCM opened at C$17.30 on Thursday. The business’s 50 day moving average is C$20.12 and its 200 day moving average is C$20.65. Vecima Networks has a 12-month low of C$14.50 and a 12-month high of C$23.01. The stock has a market cap of C$420.56 million, a price-to-earnings ratio of 20.63 and a beta of 0.63. The company has a quick ratio of 0.83, a current ratio of 1.64 and a debt-to-equity ratio of 29.61.

Vecima Networks (TSE:VCM – Get Free Report) last issued its quarterly earnings data on Thursday, September 19th. The company reported C$0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.47 by C($0.13). The firm had revenue of C$87.48 million during the quarter, compared to the consensus estimate of C$92.93 million. Vecima Networks had a return on equity of 8.57% and a net margin of 6.66%. On average, sell-side analysts forecast that Vecima Networks will post 1.1799065 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Senior Officer Richard Dean Rockwell sold 2,000 shares of the company’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of C$20.58, for a total transaction of C$41,160.00. Corporate insiders own 57.14% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Accountability Research cut their price target on shares of Vecima Networks from C$27.00 to C$24.00 in a report on Friday, November 15th.

Check Out Our Latest Research Report on Vecima Networks

Vecima Networks Company Profile

(Get Free Report)

Vecima Networks Inc engages in the development of integrated hardware and software solutions for broadband access, content delivery, and telematics. The company operates through three segments: Video and Broadband Solutions, Content Delivery and Storage, and Telematics. The Video and Broadband Solutions segment offers platforms that process data from the cable network and deliver high-speed internet connectivity to homes over cable and fiber, as well as adapt video services.