Velan Inc. (VLN) to Issue $0.03 Quarterly Dividend

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

VLN traded up C$0.21 during trading on Friday, hitting C$8.82. 3,700 shares of the company’s stock were exchanged, compared to its average volume of 4,539. 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 fifty-two week low of C$8.12 and a fifty-two week high of C$20.49.

Velan (TSE:VLN) last released its quarterly earnings data on Thursday, October 11th. The company reported C($0.15) earnings per share for the quarter. The business had revenue of C$119.66 million for the quarter.

In other news, insider Edward James Kernaghan bought 4,000 shares of Velan stock in a transaction dated Thursday, November 8th. The stock was purchased at an average price of C$10.82 per share, for a total transaction of C$43,280.00. In the last 90 days, insiders have acquired 17,800 shares of company stock worth $199,934.

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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.

Further Reading: Analyst Ratings

Dividend History for Velan (TSE:VLN)

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