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

Vecima Networks Inc. (TSE:VCM) declared a quarterly dividend on Friday, November 22nd,TickerTech Dividends reports. Stockholders of record on Monday, December 16th will be paid a dividend of 0.055 per share on Monday, December 16th. This represents a $0.22 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, November 22nd.

Vecima Networks Stock Up 0.2 %

Shares of TSE:VCM traded up C$0.03 on Wednesday, hitting C$16.53. 105 shares of the company traded hands, compared to its average volume of 3,225. Vecima Networks has a 52 week low of C$14.50 and a 52 week high of C$23.01. The stock has a 50 day simple moving average of C$20.12 and a 200-day simple moving average of C$20.65. The company has a market cap of C$401.84 million, a PE 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) last released its 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). The company had revenue of C$87.48 million for the quarter, compared to the consensus estimate of C$92.93 million. Vecima Networks had a net margin of 6.66% and a return on equity of 8.57%. As a group, research analysts expect that Vecima Networks will post 1.1799065 earnings per share for the current year.

Insider Buying and Selling

In related news, Senior Officer Richard Dean Rockwell sold 2,000 shares of the firm’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. 57.14% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Accountability Research decreased their target price on Vecima Networks from C$27.00 to C$24.00 in a research 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.