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.

ILLEGAL ACTIVITY NOTICE: “Velan Inc. (VLN) to Issue $0.03 Quarterly Dividend” was originally posted by Community Financial News and is the property of of Community Financial News. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this story can be accessed at https://www.com-unik.info/2018/12/08/velan-inc-vln-to-issue-0-03-quarterly-dividend.html.

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)

Receive News & Ratings for Velan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Velan and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit