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

Vecima Networks Inc. (TSE:VCM) announced a quarterly dividend on Friday, October 11th, Zacks reports. Stockholders of record on Friday, October 11th will be paid a dividend of 0.055 per share on Monday, November 4th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Friday, October 11th.

Vecima Networks Stock Down 0.2 %

Shares of Vecima Networks stock opened at C$20.16 on Wednesday. Vecima Networks has a twelve month low of C$14.50 and a twelve month high of C$23.01. The company has a quick ratio of 0.83, a current ratio of 1.64 and a debt-to-equity ratio of 29.61. The company’s 50 day moving average is C$20.95 and its 200 day moving average is C$21.02. The company has a market cap of C$490.09 million, a price-to-earnings ratio of 25.20 and a beta of 0.63.

Insider Transactions at Vecima Networks

In other Vecima Networks news, Senior Officer Richard Dean Rockwell sold 2,000 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of C$20.58, for a total value of C$41,160.00. Company insiders own 57.14% of the company’s stock.

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.