Virco Manufacturing Corporation (VIRC) To Go Ex-Dividend on September 18th

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

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

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Virco Manufacturing Trading Up 7.8%

VIRC opened at $6.52 on Friday. The company has a market cap of $102.56 million, a P/E ratio of -108.65 and a beta of 0.20. The company has a current ratio of 2.71, a quick ratio of 0.90 and a debt-to-equity ratio of 0.03. The company’s 50 day moving average is $6.08 and its 200-day moving average is $6.11. Virco Manufacturing has a 1-year low of $5.16 and a 1-year high of $8.90.

Virco Manufacturing (NASDAQ:VIRC – Get Free Report) last issued its quarterly earnings data on Friday, September 4th. The company reported $0.55 EPS for the quarter, beating 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%. The business had revenue of $87.47 million during the quarter, compared to the consensus estimate of $72.10 million.

About Virco Manufacturing

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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.

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