TD SYNNEX Corporation (NYSE:SNX) to Issue $0.48 Quarterly Dividend

TD SYNNEX Corporation (NYSE:SNX) announced a quarterly dividend on Thursday, June 25th. Shareholders of record on Friday, July 17th will be paid a dividend of 0.48 per share by the business services provider on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, July 17th.

TD SYNNEX has raised its dividend payment by an average of 0.3%annually over the last three years and has raised its dividend every year for the last 5 years. TD SYNNEX has a dividend payout ratio of 14.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect TD SYNNEX to earn $17.61 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 10.9%.

TD SYNNEX Stock Performance

NYSE:SNX traded down $5.77 during trading on Thursday, reaching $277.45. The company’s stock had a trading volume of 1,604,650 shares, compared to its average volume of 915,089. The firm has a 50 day moving average of $248.56 and a 200-day moving average of $191.65. TD SYNNEX has a 12 month low of $133.71 and a 12 month high of $296.47. The firm has a market cap of $22.30 billion, a price-to-earnings ratio of 23.06, a price-to-earnings-growth ratio of 1.17 and a beta of 1.43. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.71 and a current ratio of 1.22.

TD SYNNEX (NYSE:SNX) last issued its earnings results on Thursday, June 25th. The business services provider reported $4.85 EPS for the quarter, topping the consensus estimate of $4.14 by $0.71. TD SYNNEX had a return on equity of 14.03% and a net margin of 1.52%.The business had revenue of $19.57 billion during the quarter, compared to the consensus estimate of $16.80 billion. During the same quarter last year, the company earned $2.99 EPS. The firm’s revenue was up 31.0% compared to the same quarter last year. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. Research analysts expect that TD SYNNEX will post 15.88 EPS for the current fiscal year.

TD SYNNEX Company Profile

TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the information technology industry. Formed in September 2021 through the merger of Tech Data and SYNNEX Corporation, the company provides a comprehensive range of products, services and solutions that span hardware, software, cloud, mobility, security and data center technologies. TD SYNNEX partners with vendors, resellers and system integrators to design, deploy and support IT infrastructures across diverse market segments, including commercial enterprises, public sector organizations and retail operations.

The company’s core business activities include the distribution of technology products from manufacturers such as servers, storage, networking equipment and peripherals, as well as the resale and provisioning of software licenses and cloud-based solutions.