The $.04 per share dividend declared on June 6, 2007, will be paid on August 16, 2007, to stockholders of record as of August 2, 2007. The new payout rate of $0.04 per share is stated on a post-split basis. On May 1, 2007, VSE announced a 2-for-1 stock split for stockholders of record as of June 11, 2007, payable on June 28, 2007.
VSE has paid cash dividends each year since 1973 and has increased its cash dividend rate each year since 2004. The payment and amount of future dividends will depend on then existing conditions, including the company’s earnings, financial condition, working capital requirements, and other factors.
For the year ended December 31, 2006, VSE reported consolidated revenues of $363.7 million and earnings of $7.8 million ($3.21 per diluted share).
