Virco Announces Quarterly Cash Dividend
March 14 2018 - 9:30AM
Virco Mfg. Corporation (NASDAQ:VIRC) today announced a quarterly
cash dividend of $0.015 per share of common stock, payable
April 10, 2018 to shareholders of record as of March 23, 2018.
Robert A. Virtue, Chairman and CEO, said: “I’m pleased to report
that Virco shareholders will again receive a quarterly cash
dividend, reflecting our stronger financial condition and favorable
prospect for our market. We have always strived to provide our
shareholders with a balanced set of returns consisting of share
price appreciation, regular cash dividends, and opportunistic
repurchases. As our financial position continues to improve, we
look forward to extending this return portfolio.”
Contact:Virco Mfg. Corporation (310)
533-0474Robert A. Virtue, Chairman and Chief
Executive OfficerRobert Dose, Chief Financial
OfficerDoug Virtue, President
This news release contains “forward-looking statements” as
defined by the Private Securities Litigation Reform Act of 1995.
These statements include, but are not limited to, statements
regarding: our future financial condition and financial position,
future prospects for our market, and future shareholder returns,
including share price appreciation, cash dividends and stock
repurchases. Forward-looking statements are based on current
expectations and beliefs about future events or circumstances, and
you should not place undue reliance on these statements. Such
statements involve known and unknown risks, uncertainties,
assumptions and other factors, many of which are out of our control
and difficult to forecast. These factors may cause actual results
to differ materially from those that are anticipated. Such factors
include, but are not limited to: changes in general economic
conditions including raw material, energy and freight costs; state
and municipal bond funding; state, local, and municipal tax
receipts; order rates; the seasonality of our markets; the markets
for school and office furniture generally, the specific markets and
customers with which we conduct our principal business; the impact
of cost-saving initiatives on our business; the competitive
landscape, including responses of our competitors and customers to
changes in our prices; demographics; and the terms and conditions
of available funding sources. See our Annual Report on Form 10-K
for the year ended January 31, 2017 and other material filed with
the Securities and Exchange Commission for a further description of
these and other risks and uncertainties applicable to our business.
We assume no, and hereby disclaim any, obligation to update any of
our forward-looking statements. We nonetheless reserve the right to
make such updates from time to time by press release, periodic
reports, or other methods of public disclosure without the need for
specific reference to this press release. No such update shall be
deemed to indicate that other statements which are not addressed by
such an update remain correct or create an obligation to provide
any other updates.
Virco Manufacturing (NASDAQ:VIRC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Virco Manufacturing (NASDAQ:VIRC)
Historical Stock Chart
From Apr 2023 to Apr 2024