PC Connection, Inc. (CNXN) to Issue Quarterly Dividend of $0.20 on May 29th

PC Connection, Inc. (NASDAQ:CNXN) announced a quarterly dividend on Wednesday, April 29th. Shareholders of record on Tuesday, May 12th will be paid a dividend of 0.20 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Tuesday, May 12th.

PC Connection has a dividend payout ratio of 20.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect PC Connection to earn $4.20 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 19.0%.

PC Connection Stock Up 0.6%

Shares of NASDAQ CNXN opened at $63.74 on Friday. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 1.68 and a beta of 0.83. PC Connection has a 52-week low of $54.97 and a 52-week high of $71.17. The business’s 50 day moving average is $61.02 and its two-hundred day moving average is $60.14.

PC Connection (NASDAQ:CNXN) last announced its earnings results on Wednesday, April 29th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.15. The company had revenue of $721.87 million for the quarter, compared to analyst estimates of $696.09 million. PC Connection had a return on equity of 10.24% and a net margin of 3.02%. Analysts anticipate that PC Connection will post 3.77 EPS 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.