VerifyMe, Inc. (VRME) to Distribute Special Dividend of $0.15 on October 2nd

VerifyMe, Inc. (NASDAQ:VRME) declared a special dividend on Tuesday, September 15th. Stockholders of record on Tuesday, September 29th will be given a dividend of $0.15 per share on Friday, October 2nd. The ex-dividend date of this dividend is Tuesday, September 29th.

VerifyMe Stock Down 18.0%

Shares of VRME traded down $0.21 on Friday, hitting $0.96. 4,353,958 shares of the stock traded hands, compared to its average volume of 7,741,186. VerifyMe has a 1 year low of $0.59 and a 1 year high of $1.95. The stock’s 50 day moving average is $0.72 and its two-hundred day moving average is $0.74. The firm has a market capitalization of $12.64 million, a P/E ratio of -2.40 and a beta of 0.32.

VerifyMe (NASDAQ:VRME) last released its earnings results on Friday, August 14th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.03). VerifyMe had a negative return on equity of 17.16% and a negative net margin of 47.08%.The firm had revenue of $1.91 million during the quarter, compared to analysts’ expectations of $2.71 million.

About VerifyMe

VerifyMe, Inc (NASDAQ:VRME) provides brand protection, product authentication, and consumer engagement solutions for companies seeking to protect products and strengthen relationships with customers. Its technology is designed to help businesses identify counterfeit or diverted goods, improve product traceability, and collect actionable information throughout the supply chain.

The company offers solutions that can incorporate unique product identifiers, serialized codes, authentication features, and digital engagement tools.