Ingram Micro Holding Corp. Announces Quarterly Dividend of $0.07 (NYSE:INGM)

Ingram Micro Holding Corp. (NYSE:INGM) declared a quarterly dividend on Tuesday, March 4th, RTT News reports. Investors of record on Tuesday, March 11th will be paid a dividend of 0.074 per share on Tuesday, March 25th. This represents a $0.30 annualized dividend and a yield of 1.42%.

Ingram Micro Trading Up 0.6 %

Shares of INGM stock traded up $0.13 on Tuesday, hitting $20.87. The company had a trading volume of 645,863 shares, compared to its average volume of 411,492. Ingram Micro has a twelve month low of $18.90 and a twelve month high of $25.69. The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.93. The company’s 50-day moving average price is $21.98.

Ingram Micro (NYSE:INGM) last released its earnings results on Tuesday, March 4th. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. On average, equities research analysts forecast that Ingram Micro will post 2.71 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on INGM. Melius initiated coverage on shares of Ingram Micro in a research note on Tuesday, November 26th. They set a “hold” rating and a $26.00 target price for the company. BNP Paribas began coverage on Ingram Micro in a research report on Monday, November 18th. They issued a “neutral” rating and a $25.00 price objective for the company. JPMorgan Chase & Co. initiated coverage on Ingram Micro in a research note on Wednesday, November 20th. They issued a “neutral” rating and a $28.00 price objective on the stock. Northcoast Research assumed coverage on Ingram Micro in a research note on Friday, November 8th. They set a “neutral” rating for the company. Finally, Jefferies Financial Group initiated coverage on Ingram Micro in a research note on Monday, November 18th. They issued a “buy” rating and a $28.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $28.14.

Ingram Micro Company Profile

Ingram Micro is a leading solutions provider by revenue for the global information technology (“IT”) ecosystem helping power the world’s leading technology brands. With our vast infrastructure and focus on client and endpoint solutions (formerly referred to as commercial & consumer, as described elsewhere in this prospectus), advanced solutions offerings and cloud-based solutions, we enable our business partners to scale and operate more efficiently in the markets they serve.