TD SYNNEX Corporation (SNX) to Distribute Quarterly Dividend of $0.48 on October 30th

TD SYNNEX Corporation (NYSE:SNX) declared a quarterly dividend on Thursday, September 24th. Shareholders of record on Friday, October 16th will be paid a dividend of $0.48 per share by the business services provider on Friday, October 30th. This represents a $1.92 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, October 16th.

TD SYNNEX has increased its dividend by an average of 0.3% per year over the last three years and has increased its dividend annually for the last 5 consecutive years. TD SYNNEX has a payout ratio of 14.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect TD SYNNEX to earn $23.88 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 8.0%.

TD SYNNEX Trading Up 1.2%

Shares of SNX opened at $276.38 on Wednesday. TD SYNNEX has a 52-week low of $142.22 and a 52-week high of $298.77. The stock has a market cap of $22.05 billion, a PE ratio of 16.84, a price-to-earnings-growth ratio of 0.56 and a beta of 1.37. The firm’s fifty day moving average is $262.23 and its two-hundred day moving average is $247.61. The company has a quick ratio of 0.64, a current ratio of 1.19 and a debt-to-equity ratio of 0.39.

TD SYNNEX (NYSE:SNX) last released its earnings results on Thursday, September 24th. The business services provider reported $5.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.70 by $0.98. The business had revenue of $21.56 billion during the quarter, compared to analyst estimates of $18.91 billion. TD SYNNEX had a net margin of 1.75% and a return on equity of 16.78%. The company’s revenue for the quarter was up 37.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.58 earnings per share. TD SYNNEX has set its Q4 2026 guidance at 5.650-6.150 EPS. Research analysts forecast that TD SYNNEX will post 19.89 earnings per share for the current fiscal year.

About TD SYNNEX

TD SYNNEX Corporation is a global technology distributor and solutions aggregator that connects technology vendors with resellers, systems integrators, managed service providers and other channel partners. The company helps bring hardware, software and cloud-based solutions to market while supporting partners with sales, marketing, logistics, financing and technical services.

Its portfolio includes data center and networking equipment, personal computing and endpoint devices, software, cybersecurity products, cloud services, unified communications, mobility solutions and emerging technologies.