Virco Mfg. Corp. (VIRC) Declares $0.015 Quarterly Dividend; 1.5% Yield

Virco Mfg. Corp. (NASDAQ: VIRC) declared a quarterly dividend of $0.015 per share, or $0.06 annualized.

The dividend will be payable on October 10, 2018, to stockholders of record on September 26, 2018, with an ex-dividend date of September 25, 2018.

The annual yield on the dividend is 1.5 percent.

Commenting on these events, Virco Chairman and CEO Robert Virtue said: “This was a very tough summer but I’m proud of the way our company responded. We have a really experienced core of workers in all areas of operations, sales and distribution. As they have many times in the past, they rallied this summer to deliver the range of products and services demanded by progressive educators.”

Virco President Doug Virtue concurred: “While historic demand is useful for long-term planning, we always leave some capacity for last-minute summer orders that might not fit traditional patterns. Our operating strategies have been built around this need for flexibility, and this year validated that approach. We look forward to continuing the recent trend of improving performance in the second half of this year.”

For a dividend history and other dividend-related data on Virco Mfg. Corp. (VIRC) click here.

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