Virco Manufacturing Corporation Plans Quarterly Dividend of $0.03 (NASDAQ:VIRC)

Virco Manufacturing Corporation (NASDAQ:VIRC) announced a quarterly dividend on Thursday, September 3rd. Investors of record on Friday, September 18th will be paid a dividend of 0.025 per share on Friday, October 9th. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, September 18th.

Virco Manufacturing has a dividend payout ratio of 11.5% meaning its dividend is sufficiently covered by earnings.

Virco Manufacturing Trading Up 7.8%

NASDAQ:VIRC traded up $0.47 during mid-day trading on Friday, reaching $6.52. The company’s stock had a trading volume of 87,466 shares, compared to its average volume of 49,761. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.71 and a quick ratio of 0.90. The stock has a market cap of $102.56 million, a P/E ratio of -108.65 and a beta of 0.20. The company’s fifty day simple moving average is $6.07 and its two-hundred day simple moving average is $6.10. Virco Manufacturing has a twelve month low of $5.16 and a twelve month high of $8.90.

Virco Manufacturing (NASDAQ:VIRC) last announced its quarterly earnings data on Friday, September 4th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.48. Virco Manufacturing had a negative net margin of 0.48% and a negative return on equity of 0.16%.

About Virco Manufacturing

Virco Manufacturing Corporation (NASDAQ: VIRC) is a leading American manufacturer of furniture, primarily serving the K-12 education market. Headquartered in Torrance, California, the company designs, produces and distributes a comprehensive range of classroom seating, student desks, tables and educational workstations. Over several decades, Virco has built a reputation for durable, cost-effective solutions tailored to the needs of schools, colleges and other institutional customers.

The company’s product portfolio includes molded plastic and wood-seat student chairs, modular and fixed-height desks, multi-purpose tables, computer furniture, laboratory stools and teacher furnishings.