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.

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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.

Dividend History for TESSCO Technologies (NASDAQ:TESS)

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