PC Connection, Inc. (CNXN) to Issue $0.34 Special Dividend
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.
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.
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