Systemax Inc. Plans Quarterly Dividend of $0.10 (NYSE:SYX)

Systemax Inc. (NYSE:SYX) announced a quarterly dividend on Wednesday, August 2nd, Wall Street Journal reports. Investors of record on Monday, August 14th will be paid a dividend of 0.10 per share on Monday, August 21st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Thursday, August 10th.

Shares of Systemax (NYSE SYX) opened at 23.07 on Friday. The company has a 50 day moving average of $20.15 and a 200-day moving average of $14.15. Systemax has a 12 month low of $7.05 and a 12 month high of $26.28. The firm’s market capitalization is $854.01 million.

Systemax (NYSE:SYX) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.16. The company had revenue of $313 million for the quarter. Systemax had a positive return on equity of 12.27% and a negative net margin of 0.87%. Analysts predict that Systemax will post $1.23 EPS for the current year.

Several equities analysts have issued reports on SYX shares. Sidoti reissued a “neutral” rating and issued a $22.00 price target (up from $20.00) on shares of Systemax in a research note on Sunday, June 25th. TheStreet raised Systemax from a “c” rating to a “b-” rating in a research note on Monday, June 5th. Finally, BidaskClub lowered Systemax from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st.

In other Systemax news, VP Manoj Shetty sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $23.30, for a total value of $116,500.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 69.60% of the stock is currently owned by insiders.

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About Systemax

Systemax Inc is a direct marketer of brand name and private label products. The Company’s segments are Industrial Products Group (IPG), EMEA Technology Products Group (EMEA), and Corporate and Other (Corporate). The IPG segment sells an array of maintenance, repair and operational (MRO) products, which are marketed in North America.

Dividend History for Systemax (NYSE:SYX)

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