Virco Mfg. Corporation engages in the design, production, and distribution of furniture in the United States. It offers seating products, including 4-leg chairs, cantilever chairs, tablet armchairs with work surfaces and compact footprints, steel-frame and floor rockers, stools, series chairs, stack and folding chairs, hard plastic seating, upholstered stack and ergonomic chairs, and plastic stack chairs. The company also provides folding, activity, office, computer, and mobile tables; and computer furniture, such as keyboard mouse trays, CPU holders, support columns, desks and workstations, specialty tables, instructor media stations and towers, and other products. In addition, it offers chair desks, combo units, and tablet arm and caster units, as well as a returns and credenzas. Further, the company provides administrative office furniture, including desks, bookcases, storage cabinets, and other items, as well as wardrobe tower cabinets, file credenzas, and mobile pedestals; laboratory furniture comprising steel-based science tables, table bases, lab stools, and wood-frame science tables; mobile furniture, such as mobile tables for cafeterias, mobile cabinets, and mobile task chairs for school settings and offices; and handling and storage equipment, as well as manufactures stackable storage trucks. It serves educational institutions, convention centers and arenas, hospitality providers, government facilities, and places of worship through its sales and support teams, and dealer network. The company was incorporated in 1950 and is headquartered in Torrance, California.
Virco Dividend Announcement
• Virco announced a quarterly dividend of $0.03 per ordinary share which will be made payable on 2024-10-11. Ex dividend date: 2024-09-20
• Virco annual dividend for 2024 was $0.07
• Virco annual dividend for 2023 was $0.02
• Virco's trailing twelve-month (TTM) dividend yield is 0.51%
• Virco's payout ratio for the trailing twelve months (TTM) is 3.66%
Virco Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-09-20 | $0.03 | quarterly | 2024-10-11 |
| 2024-06-21 | $0.02 | quarterly | 2024-07-12 |
| 2024-03-06 | $0.02 | quarterly | 2024-04-10 |
| 2023-12-21 | $0.02 | quarterly | 2024-01-10 |
| 2018-12-26 | $0.01 | quarterly | 2019-01-10 |
| 2018-09-25 | $0.01 | quarterly | 2018-10-10 |
| 2018-06-25 | $0.01 | quarterly | 2018-07-10 |
| 2018-03-22 | $0.01 | quarterly | 2018-04-10 |
| 2017-12-27 | $0.01 | quarterly | 2018-01-10 |
| 2011-05-11 | $0.03 | quarterly | 2011-06-10 |
| 2011-03-02 | $0.03 | quarterly | 2011-03-18 |
| 2010-11-03 | $0.03 | quarterly | 2010-12-03 |
| 2010-08-25 | $0.03 | quarterly | 2010-09-17 |
| 2010-05-12 | $0.03 | quarterly | 2010-06-11 |
| 2010-03-03 | $0.03 | quarterly | 2010-03-19 |
| 2009-11-06 | $0.03 | quarterly | 2009-12-01 |
| 2009-08-28 | $0.03 | quarterly | 2009-09-15 |
| 2009-05-01 | $0.03 | quarterly | 2009-06-02 |
| 2009-02-19 | $0.03 | quarterly | 2009-03-09 |
| 2008-11-10 | $0.03 | quarterly | 2008-12-01 |
| 2008-08-28 | $0.03 | quarterly | 2008-09-16 |
| 2008-05-07 | $0.03 | quarterly | 2008-06-02 |
| 2008-02-20 | $0.03 | quarterly | 2008-03-07 |
| 2007-11-14 | $0.03 | quarterly | 2007-12-05 |
| 2003-06-26 | $0.02 | quarterly | 2003-07-31 |
| 2003-03-27 | $0.02 | quarterly | 2003-04-30 |
| 2002-12-24 | $0.02 | quarterly | 2003-01-31 |
| 2002-10-09 | $0.02 | quarterly | 2002-10-31 |
| 2002-06-26 | $0.02 | quarterly | 2002-07-31 |
| 2002-03-26 | $0.02 | quarterly | 2002-04-30 |
| 2001-12-27 | $0.02 | quarterly | 2002-01-31 |
| 2001-10-10 | $0.02 | quarterly | 2001-10-31 |
| 2001-06-27 | $0.02 | quarterly | 2001-07-31 |
| 2001-03-28 | $0.02 | quarterly | 2001-04-30 |
Virco Dividend per year
Virco Dividend growth
Virco Dividend Yield
Virco current trailing twelve-month (TTM) dividend yield is 0.51%. Interested in purchasing Virco stock? Use our calculator to estimate your expected dividend yield:
Virco Financial Ratios
P/E ratio10.03
PEG ratio-0.03
P/B ratio2.49
ROE27.88%
Payout ratio3.66%
Current ratio2.26
Quick ratio1.20
Cash Ratio0.14
Virco Dividend FAQ
How much is the next Virco dividend?
Virco's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Virco dividend. The next Virco dividend will be released in December.
When is Virco dividend paid?
Virco pays dividends on a quarterly basis. The specific dates may vary each year but are generally around December. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Virco pay?
The specific amount of Virco dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Virco's dividend history.
Does Virco stock pay dividends?
Yes, Virco does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Virco's dividend history.
How much dividend does Virco pay?
Virco paid $0.065 in 2024, $0.02 in 2023, $0.0 in 2022, $0.0 in 2021, and $0.0 in 2020.
How often does Virco pay dividends?
Virco typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around December.
What is Virco's dividend yield?
The current dividend yield for Virco is 0.51%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Virco's exact dividend yield.
When does Virco go ex dividend?
Virco's ex-dividend date for the latest dividend was on 2024-09-20. Virco typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Virco dividend paid?
Virco pays dividends on a quarterly basis, typically around December, but the exact dates can vary each year.
Will Virco increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Virco will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Virco dividend per share?
Virco paid $0.065 per share in 2024 and $0.02 per share in 2023. The amount of dividend per share that Virco pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Virco a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Virco a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Virco a dividend stock?
Yes, Virco is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Virco a good dividend stock?
Whether Virco is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Virco has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Virco as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Other factors to consider when evaluating Virco as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Virco pay dividends monthly?
Virco typically pays dividends on a quarterly basis.
Does Virco pay dividends quarterly?
Virco currently pays dividends on a quarterly basis.
Has Virco ever paid a dividend?
Yes, Virco has a history of paying dividends to its shareholders. Virco is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Virco dividend stocks?
To buy Virco you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Virco stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy Virco stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Virco pay dividends 2024?
Virco pays dividends on a quarterly basis. 2024 dividend payments are in 2024-10-11. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Virco increase its dividend in 2024?
Decisions regarding Virco dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Virco dividend overview you can look into the above table of dividend history.
How Virco dividend works?
The Virco dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Virco's dividend process works:
1. Determination of Dividend: Virco's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Virco publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Virco distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Virco are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Determination of Dividend: Virco's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Virco publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Virco distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Virco are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Virco dividends paid?
Virco dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Virco sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Virco distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Virco declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
1. Record Date: Virco sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Virco distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Virco declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Virco pay dividends?
Virco typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Virco pay dividends?
The general pattern is that Virco pays dividends around December. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Virco dividend safe?
The safety of Virco's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Virco's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Virco's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.
To assess the safety of Virco's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Virco's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.