PC Connection, Inc. (CNXN) To Go Ex-Dividend on May 13th

PC Connection, Inc. (NASDAQ:CNXN) announced a quarterly dividend on Tuesday, April 29th, NASDAQ Dividends reports. Stockholders of record on Tuesday, May 13th will be given a dividend of 0.15 per share on Friday, May 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Tuesday, May 13th.

PC Connection has a payout ratio of 15.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect PC Connection to earn $3.76 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 16.0%.

PC Connection Trading Up 0.1 %

Shares of PC Connection stock opened at $69.13 on Friday. The firm has a market capitalization of $1.76 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 1.96 and a beta of 0.67. PC Connection has a 12 month low of $56.82 and a 12 month high of $77.19. The business’s 50-day moving average price is $62.40 and its 200-day moving average price is $67.32.

PC Connection (NASDAQ:CNXN) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.18. The company had revenue of $701.05 million during the quarter, compared to analysts’ expectations of $646.37 million. PC Connection had a net margin of 3.11% and a return on equity of 9.74%. As a group, analysts predict that PC Connection will post 3.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com downgraded PC Connection from a “strong-buy” rating to a “buy” rating in a research report on Friday.

PC Connection Company Profile

PC Connection, Inc, together with its subsidiaries, provides a range of information technology (IT) solutions. The company operates through three segments: Business Solutions, Enterprise Solutions, and Public Sector Solutions. It offers IT products, such as computer systems, software and peripheral equipment, networking communications, and other products and accessories.