TESSCO Technologies Incorporated (TESS) to Issue Quarterly Dividend of $0.20 on November 22nd
TESSCO Technologies Incorporated (NASDAQ:TESS) declared a quarterly dividend on Wednesday, October 25th, Wall Street Journal reports. Stockholders of record on Wednesday, November 8th will be given a dividend of 0.20 per share by the communications equipment provider on Wednesday, November 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date is Tuesday, November 7th.
TESSCO Technologies (NASDAQ:TESS) opened at $15.50 on Monday. TESSCO Technologies has a 52-week low of $9.75 and a 52-week high of $18.00. The firm has a market capitalization of $129.86, a P/E ratio of 39.74 and a beta of 1.29.
TESSCO Technologies (NASDAQ:TESS) last posted its quarterly earnings data on Monday, October 23rd. The communications equipment provider reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.11. TESSCO Technologies had a return on equity of 3.09% and a net margin of 0.51%. The company had revenue of $145.08 million during the quarter, compared to analyst estimates of $141.97 million. equities analysts predict that TESSCO Technologies will post 0.48 earnings per share for the current year.
Separately, Zacks Investment Research raised TESSCO Technologies from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective for the company in a research report on Friday, October 27th.
TESSCO Technologies Company Profile
TESSCO Technologies Incorporated architects and delivers the product and value chain solutions to organizations responsible for building, operating, maintaining and reselling cellular, mobile communications, wireless-fidelity (Wi-Fi), machine-to-machine, Internet of Things and wireless backhaul systems.
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