PC Connection, Inc. (NASDAQ:CNXN – Get Free Report) declared a quarterly dividend on Wednesday, July 31st, Zacks reports. Shareholders of record on Tuesday, August 13th will be given a dividend of 0.10 per share on Friday, August 30th. This represents a $0.40 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Tuesday, August 13th.
PC Connection has a dividend payout ratio of 10.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect PC Connection to earn $3.82 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 10.5%.
PC Connection Stock Down 2.9 %
PC Connection stock traded down $2.18 during mid-day trading on Friday, hitting $72.89. 1,792 shares of the stock were exchanged, compared to its average volume of 75,319. PC Connection has a 12 month low of $48.29 and a 12 month high of $76.39. The firm’s fifty day simple moving average is $65.76 and its two-hundred day simple moving average is $65.45. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 24.06, a PEG ratio of 2.14 and a beta of 0.61.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered shares of PC Connection from a “strong-buy” rating to a “buy” rating in a report on Friday, April 26th.
Read Our Latest Analysis on CNXN
Insider Transactions at PC Connection
In other news, Director Barbara Duckett sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $68.08, for a total transaction of $68,080.00. Following the completion of the sale, the director now owns 13,877 shares of the company’s stock, valued at approximately $944,746.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 56.90% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than PC Connection
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- Amazon Stock is Primed to Rebound Strongly After AI Bubble Bursts
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- Shell Stock: Oil & Gas Giant Committed to Buybacks and Dividends
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- Chevron Stock Dips as Earnings Miss Highlights Merger Uncertainty
Receive News & Ratings for PC Connection Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PC Connection and related companies with MarketBeat.com's FREE daily email newsletter.