PC Connection, Inc. (NASDAQ:CNXN) declared a special dividend on Tuesday, December 19th, Wall Street Journal reports. Shareholders of record on Friday, December 29th will be given a dividend of 0.34 per share on Friday, January 12th. The ex-dividend date is Thursday, December 28th.

PC Connection (NASDAQ:CNXN) traded down $0.06 during trading hours on Tuesday, reaching $26.78. The company’s stock had a trading volume of 30,756 shares, compared to its average volume of 47,159. PC Connection has a 52 week low of $23.52 and a 52 week high of $30.48. The company has a market cap of $714.91, a P/E ratio of 14.57, a PEG ratio of 1.84 and a beta of 1.59.

PC Connection (NASDAQ:CNXN) last released its earnings results on Thursday, October 26th. The company reported $0.49 EPS for the quarter, hitting analysts’ consensus estimates of $0.49. PC Connection had a return on equity of 11.35% and a net margin of 1.80%. The company had revenue of $729.23 million for the quarter, compared to the consensus estimate of $727.84 million. During the same quarter last year, the business posted $0.53 EPS. PC Connection’s quarterly revenue was up 2.9% compared to the same quarter last year. equities research analysts expect that PC Connection will post 1.81 EPS for the current year.

CNXN has been the topic of a number of research analyst reports. ValuEngine raised PC Connection from a “hold” rating to a “buy” rating in a report on Tuesday, October 31st. Zacks Investment Research downgraded PC Connection from a “hold” rating to a “sell” rating in a report on Friday, October 20th.

In related news, Director Barbara Duckett sold 1,123 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $27.56, for a total value of $30,949.88. Following the sale, the director now owns 15,877 shares of the company’s stock, valued at approximately $437,570.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Timothy J. Mcgrath sold 5,805 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $26.85, for a total value of $155,864.25. The disclosure for this sale can be found here. Company insiders own 57.30% of the company’s stock.

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About PC Connection

PC Connection, Inc is a provider of a range of information technology (IT) solutions. The Company conducts its business operations through three business segments: small- to medium-sized businesses (SMB), Large Account and Public Sector. The Company enables customers to design, enable, manage and service their IT environments.

Dividend History for PC Connection (NASDAQ:CNXN)

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