VerifyMe, Inc. (NASDAQ:VRME) to Issue Special Dividend of $0.15

VerifyMe, Inc. (NASDAQ:VRME) announced a special dividend on Tuesday, September 15th. Shareholders of record on Tuesday, September 29th will be given a dividend of $0.15 per share on Friday, October 2nd. The ex-dividend date is Tuesday, September 29th.

VerifyMe Stock Performance

Shares of NASDAQ VRME traded down $0.21 during midday trading on Friday, hitting $0.96. 4,353,958 shares of the company’s stock traded hands, compared to its average volume of 7,741,186. VerifyMe has a 1 year low of $0.59 and a 1 year high of $1.95. The stock has a market capitalization of $12.64 million, a price-to-earnings ratio of -2.40 and a beta of 0.32. The firm has a fifty day moving average of $0.72 and a 200 day moving average of $0.74.

VerifyMe (NASDAQ:VRME) last posted its quarterly earnings data on Friday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). The business had revenue of $1.91 million during the quarter, compared to analysts’ expectations of $2.71 million. VerifyMe had a negative return on equity of 17.16% and a negative net margin of 47.08%.

About VerifyMe

VerifyMe, Inc (NASDAQ:VRME) provides brand protection, product authentication, and consumer engagement solutions for companies seeking to protect products and strengthen relationships with customers. Its technology is designed to help businesses identify counterfeit or diverted goods, improve product traceability, and collect actionable information throughout the supply chain.

The company offers solutions that can incorporate unique product identifiers, serialized codes, authentication features, and digital engagement tools.