PC Connection, Inc. (NASDAQ:CNXN) Announces $0.20 Quarterly Dividend

PC Connection, Inc. (NASDAQ:CNXN) declared a quarterly dividend on Wednesday, July 29th. Shareholders of record on Tuesday, August 11th will be paid a dividend of 0.20 per share on Friday, August 28th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date is Tuesday, August 11th.

PC Connection has a dividend payout ratio of 20.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect PC Connection to earn $4.24 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 18.9%.

PC Connection Price Performance

Shares of NASDAQ:CNXN opened at $82.97 on Thursday. The firm has a fifty day moving average price of $73.51 and a two-hundred day moving average price of $65.64. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 24.12, a PEG ratio of 2.12 and a beta of 0.88. PC Connection has a one year low of $54.97 and a one year high of $84.81.

PC Connection (NASDAQ:CNXN) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.31. The company had revenue of $854.00 million for the quarter, compared to the consensus estimate of $764.79 million. PC Connection had a return on equity of 10.17% and a net margin of 3.02%. Equities research analysts expect that PC Connection will post 3.93 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on CNXN shares. Wall Street Zen raised PC Connection from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Weiss Ratings upgraded shares of PC Connection from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

PC Connection Company Profile

PC Connection, Inc (NASDAQ: CNXN), now operating under the trade name Connection, is a value-added provider of information technology solutions founded in 1982 and headquartered in Merrimack, New Hampshire. The company offers a broad portfolio of hardware and software products sourced from leading technology vendors, alongside professional services designed to help organizations design, deploy and maintain IT environments.

Connection’s product offerings encompass desktop and notebook computers, servers and storage systems, networking and cybersecurity solutions, as well as cloud and virtualization technologies.