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

Vecima Networks Inc. (TSE:VCM) announced a quarterly dividend on Monday, May 13th, TickerTech reports. Shareholders of record on Friday, May 24th will be paid a dividend of 0.055 per share on Monday, June 17th. This represents a $0.22 annualized dividend and a yield of 0.97%. The ex-dividend date is Thursday, May 23rd.

Vecima Networks Price Performance

Shares of VCM opened at C$22.60 on Wednesday. The company has a market cap of C$549.41 million, a price-to-earnings ratio of 33.73 and a beta of 0.65. Vecima Networks has a twelve month low of C$14.50 and a twelve month high of C$23.01. The company has a quick ratio of 0.83, a current ratio of 1.49 and a debt-to-equity ratio of 43.54. The company has a 50 day moving average of C$20.84 and a two-hundred day moving average of C$18.10.

Analyst Upgrades and Downgrades

Separately, Cormark raised their target price on shares of Vecima Networks from C$23.00 to C$27.00 in a research note on Thursday, April 4th.

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.