Ingram Micro Holding Corporation (NYSE:INGM) to Issue Quarterly Dividend of $0.08

Ingram Micro Holding Corporation (NYSE:INGM) announced a quarterly dividend on Tuesday, February 24th. Investors of record on Tuesday, March 10th will be paid a dividend of 0.082 per share on Tuesday, March 24th. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Tuesday, March 10th. This is a 2.5% increase from Ingram Micro’s previous quarterly dividend of $0.08.

Ingram Micro Trading Down 16.5%

INGM opened at $22.02 on Friday. The stock has a market capitalization of $5.18 billion, a P/E ratio of 15.96, a P/E/G ratio of 0.75 and a beta of 2.27. The company has a current ratio of 1.33, a quick ratio of 0.95 and a debt-to-equity ratio of 0.65. Ingram Micro has a 12 month low of $14.25 and a 12 month high of $26.38. The firm’s fifty day simple moving average is $21.54 and its 200 day simple moving average is $21.35.

Ingram Micro (NYSE:INGM) last released its earnings results on Monday, March 2nd. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. Ingram Micro had a return on equity of 16.78% and a net margin of 0.62%.The firm had revenue of $14.88 billion during the quarter, compared to analysts’ expectations of $14.18 billion. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. As a group, research analysts anticipate that Ingram Micro will post 2.71 EPS for the current fiscal year.

Ingram Micro declared that its board has authorized a stock repurchase program on Monday, March 2nd that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to repurchase up to 2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

About Ingram Micro

Ingram Micro, headquartered in Irvine, California, is a global technology distributor and supply chain services provider. Listed on the New York Stock Exchange under the ticker INGM, the company connects leading technology manufacturers, cloud providers and channel partners through an integrated portfolio of products and services. Ingram Micro’s end-to-end solutions span product distribution, cloud enablement, e-commerce, logistics and lifecycle management, enabling customers of all sizes to bring new technology to market efficiently.

The company’s offerings are organized across several core areas.