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

Vecima Networks Inc. (TSE:VCM - Get Free Report) announced a quarterly dividend on Friday, February 28th,RTT News reports. Shareholders of record on Monday, March 24th will be paid a dividend of 0.055 per share on Monday, March 24th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Friday, February 28th.

Vecima Networks Trading Up 6.8 %

Shares of VCM traded up C$0.75 during trading on Friday, reaching C$11.75. 2,039 shares of the company traded hands, compared to its average volume of 6,424. Vecima Networks has a twelve month low of C$11.00 and a twelve month high of C$23.01. The stock has a market cap of C$281.99 million, a PE ratio of 14.25 and a beta of 0.63. The stock has a 50-day simple moving average of C$14.76 and a 200-day simple moving average of C$18.21. The company has a quick ratio of 0.83, a current ratio of 1.73 and a debt-to-equity ratio of 22.94.

Insider Transactions at Vecima Networks

In related news, Senior Officer Clay Mccreery sold 1,600 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of C$17.40, for a total value of C$27,840.00. Insiders have purchased a total of 1,500 shares of company stock valued at $25,390 in the last ninety days. 57.14% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VCM. Accountability Research decreased their price target on shares of Vecima Networks from C$27.00 to C$24.00 in a research note on Friday, November 15th. Raymond James reduced their price objective on shares of Vecima Networks from C$27.00 to C$20.00 in a research report on Friday. Finally, Cormark downgraded shares of Vecima Networks from a "buy" rating to a "market perform" rating and reduced their price objective for the stock from C$23.00 to C$14.00 in a research report on Monday, February 10th.

About Vecima Networks

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.