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

Vecima Networks Inc. (TSE:VCM) declared a quarterly dividend on Tuesday, May 13th, RTT News reports. Shareholders of record on Friday, May 30th will be given a dividend of 0.055 per share on Monday, June 23rd. This represents a $0.22 annualized dividend and a dividend yield of 2.05%.

Vecima Networks Trading Up 2.5%

Shares of Vecima Networks stock opened at C$10.71 on Thursday. Vecima Networks has a twelve month low of C$8.43 and a twelve month high of C$23.01. The company has a quick ratio of 0.83, a current ratio of 1.73 and a debt-to-equity ratio of 22.94. The business has a 50-day moving average price of C$9.98 and a 200-day moving average price of C$13.38. The firm has a market cap of C$257.03 million, a price-to-earnings ratio of 12.99 and a beta of 0.63.

Wall Street Analyst Weigh In

VCM has been the subject of several research analyst reports. Cormark cut Vecima Networks from a “buy” rating to a “market perform” rating and cut their price target for the company from C$23.00 to C$14.00 in a report on Monday, February 10th. Raymond James lowered their target price on Vecima Networks from C$27.00 to C$20.00 in a research report on Friday, February 14th.

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.