PC Connection, Inc. (NASDAQ:CNXN – Get Free Report) declared a quarterly dividend on Wednesday, October 28th. Stockholders of record on Tuesday, November 10th will be given a dividend of $0.20 per share on Friday, November 27th. This represents a $0.80 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, November 10th.
PC Connection has a payout ratio of 20.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect PC Connection to earn $4.47 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 17.9%.
PC Connection Stock Performance
NASDAQ:CNXN opened at $86.50 on Thursday. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 2.12 and a beta of 0.81. PC Connection has a 1 year low of $54.97 and a 1 year high of $96.90. The business has a fifty day moving average of $86.44 and a 200-day moving average of $72.05.
PC Connection (NASDAQ:CNXN – Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.20. The business had revenue of $874.31 million for the quarter, compared to analysts’ expectations of $773.74 million. PC Connection had a net margin of 3.21% and a return on equity of 10.90%. On average, equities research analysts predict that PC Connection will post 4.18 EPS for the current year.
About PC Connection
PC Connection, Inc is an information technology solutions provider that supplies technology products, services and expertise to businesses, government agencies, educational institutions and other organizations. The company helps customers plan, acquire, deploy and manage IT environments across workplace, data center, networking, security and cloud infrastructure.
Its offerings include computers, servers, storage systems, networking equipment, software, peripherals and related technology accessories.
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