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

by · The Cerbat Gem

PC Connection, Inc. (NASDAQ:CNXN – Get Free Report) announced a quarterly dividend on Wednesday, October 30th,Zacks Dividends reports. Stockholders of record on Tuesday, November 12th will be given a dividend of 0.10 per share on Friday, November 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Tuesday, November 12th.

PC Connection has a payout ratio of 10.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect PC Connection to earn $3.67 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 10.9%.

PC Connection Trading Down 0.5 %

Shares of PC Connection stock opened at $73.16 on Monday. PC Connection has a twelve month low of $57.47 and a twelve month high of $77.19. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 21.45, a price-to-earnings-growth ratio of 2.16 and a beta of 0.63. The company has a fifty day moving average price of $72.13 and a 200 day moving average price of $68.50.

Analysts Set New Price Targets

Separately, StockNews.com upgraded PC Connection from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 29th.

Read Our Latest Stock Analysis on CNXN

PC Connection Company Profile

(Get Free Report)

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.

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