Vecima Networks Inc. (TSE:VCM) Declares Quarterly Dividend of $0.06

Vecima Networks Inc. (TSE:VCM) declared a quarterly dividend on Friday, November 22nd,TickerTech Dividends reports. Shareholders 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 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Friday, November 22nd.

Vecima Networks Stock Performance

Vecima Networks stock traded up C$0.03 during midday trading on Wednesday, reaching C$16.53. 105 shares of the company traded hands, compared to its average volume of 3,225. Vecima Networks has a 12 month low of C$14.50 and a 12 month high of C$23.01. The company has a debt-to-equity ratio of 29.61, a current ratio of 1.64 and a quick ratio of 0.83. The business has a 50 day moving average of C$20.12 and a two-hundred day moving average of C$20.65. The firm has a market capitalization of C$401.84 million, a price-to-earnings ratio of 20.63 and a beta of 0.63.

Vecima Networks (TSE:VCM) last released its quarterly earnings results on Thursday, September 19th. The company reported C$0.34 earnings per share for the quarter, missing the consensus estimate of C$0.47 by C($0.13). Vecima Networks had a return on equity of 8.57% and a net margin of 6.66%. The business had revenue of C$87.48 million during the quarter, compared to the consensus estimate of C$92.93 million. As a group, research analysts predict that Vecima Networks will post 1.1799065 earnings per share for the current year.

Insider Activity

In other Vecima Networks news, Senior Officer Richard Dean Rockwell sold 2,000 shares of Vecima Networks stock in a transaction dated Friday, October 4th. The stock was sold at an average price of C$20.58, for a total value of C$41,160.00. Insiders own 57.14% of the company’s stock.

Analysts Set New Price Targets

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

Vecima Networks Company Profile

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.