Velan Inc. (VLN) Plans Quarterly Dividend of $0.03

Velan Inc. (TSE:VLN) declared a quarterly dividend on Thursday, October 11th, Zacks reports. Stockholders of record on Friday, December 14th will be paid a dividend of 0.03 per share on Friday, December 28th. This represents a $0.12 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Thursday, December 13th.

Shares of TSE:VLN opened at C$8.82 on Friday. The company has a debt-to-equity ratio of 13.36, a quick ratio of 1.21 and a current ratio of 2.14. Velan has a 12 month low of C$8.12 and a 12 month high of C$20.49.

Velan (TSE:VLN) last issued its earnings results on Thursday, October 11th. The company reported C($0.15) EPS for the quarter. The firm had revenue of C$119.66 million for the quarter.

In other news, insider Edward James Kernaghan bought 4,000 shares of the company’s stock in a transaction dated Thursday, November 8th. The stock was bought at an average cost of C$10.82 per share, for a total transaction of C$43,280.00. Insiders bought a total of 17,800 shares of company stock valued at $199,934 over the last 90 days.

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Velan Company Profile

Velan Inc designs, manufactures, and markets industrial valves worldwide. It offers cryogenic valves comprising cast steel cryogenic, small forged cryogenic, cryogenic triple-offset, ball, and cryogenic control valves; gate, globe, and check valves, including pressure seal, cast steel, small forged, dual-plate check, bolted bonnet high pressure, cast stainless steel corrosion resistant, bonnetless, and knife gate valves, as well as maintenance valves for nuclear service; and quarter-turn valves, such as ball, metal-seated ball, forged ball, power ball, high performance three-piece ball, general purpose ball, triple-offset butterfly, high performance cryogenic butterfly, coker ball, and cap-tight batch digester capping valves.

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Dividend History for Velan (TSE:VLN)

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