Velan Inc. (VLN) Plans $0.10 Quarterly Dividend
Velan Inc. (TSE:VLN) declared a quarterly dividend on Friday, July 14th, Zacks reports. Shareholders of record on Friday, September 15th will be paid a dividend of 0.10 per share on Friday, September 29th. This represents a $0.40 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Thursday, September 14th.
Velan (TSE VLN) traded up 0.58% during trading on Friday, hitting $17.35. 200 shares of the stock traded hands. Velan has a 12 month low of $16.40 and a 12 month high of $19.80. The company has a market cap of $375.87 million and a P/E ratio of 129.48. The company’s 50 day moving average price is $17.38 and its 200 day moving average price is $17.77.
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Velan Inc designs, manufactures, and markets industrial valves worldwide. It offers gate, globe, and check valves, including pressure seal, cast steel, small forged, dual-plate check, bolted bonnet high pressure, cast stainless steel corrosion resistant, bonnetless, and knife gate valves, as well as maintenance valves for nuclear service.
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