PC Connection, Inc. (CNXN) To Go Ex-Dividend on February 17th

PC Connection, Inc. (NASDAQ:CNXN) declared a quarterly dividend on Tuesday, February 3rd. Investors of record on Tuesday, February 17th will be paid a dividend of 0.20 per share on Friday, March 6th. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Tuesday, February 17th. This is a 33.3% increase from PC Connection’s previous quarterly dividend of $0.15.

PC Connection has a payout ratio of 20.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect PC Connection to earn $3.76 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 21.3%.

PC Connection Stock Down 0.8%

PC Connection stock opened at $63.82 on Friday. PC Connection has a twelve month low of $54.97 and a twelve month high of $71.17. The stock has a market cap of $1.61 billion, a P/E ratio of 19.52, a P/E/G ratio of 1.68 and a beta of 0.83. The company’s 50-day moving average price is $59.70 and its two-hundred day moving average price is $60.65.

PC Connection (NASDAQ:CNXN) last posted its earnings results on Wednesday, February 4th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.86 by $0.05. The company had revenue of $702.94 million for the quarter, compared to the consensus estimate of $735.49 million. PC Connection had a return on equity of 9.87% and a net margin of 2.91%. Equities analysts anticipate that PC Connection will post 3.33 earnings per share for the current fiscal year.

About PC Connection

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.