PC Connection, Inc. Announces Quarterly Dividend of $0.10 (NASDAQ:CNXN)

PC Connection, Inc. (NASDAQ:CNXN) announced a quarterly dividend on Wednesday, May 1st, Zacks reports. Shareholders of record on Tuesday, May 14th will be paid a dividend of 0.10 per share on Wednesday, May 29th. This represents a $0.40 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend is Monday, May 13th.

PC Connection has a payout ratio of 10.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect PC Connection to earn $3.84 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 10.4%.

PC Connection Stock Up 3.2 %

Shares of PC Connection stock traded up $1.88 on Friday, hitting $61.17. The stock had a trading volume of 80,039 shares, compared to its average volume of 70,016. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 1.78 and a beta of 0.67. The business’s 50 day moving average is $64.54 and its two-hundred day moving average is $63.44. PC Connection has a twelve month low of $38.13 and a twelve month high of $70.55.

PC Connection (NASDAQ:CNXN) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.14). PC Connection had a return on equity of 10.21% and a net margin of 2.98%. The firm had revenue of $632.03 million for the quarter, compared to the consensus estimate of $694.19 million. During the same quarter in the previous year, the business earned $0.56 EPS. As a group, equities analysts predict that PC Connection will post 3.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded PC Connection from a “strong-buy” rating to a “buy” rating in a report on Friday, April 26th.

About PC Connection

PC Connection, Inc, together with its subsidiaries, provides a range of information technology (IT) solutions. The company operates through three segments: Business Solutions, Enterprise Solutions, and Public Sector Solutions. It offers IT products, such as computer systems, software and peripheral equipment, networking communications, and other products and accessories.