PC Connection, Inc. (CNXN) to Distribute Quarterly Dividend of $0.20 on August 28th

PC Connection, Inc. (NASDAQ:CNXN) announced a quarterly dividend on Tuesday, July 28th. Shareholders of record on Tuesday, August 11th will be paid a dividend of 0.20 per share on Friday, August 28th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, August 11th.

PC Connection has a dividend payout ratio of 20.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect PC Connection to earn $4.47 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 17.9%.

PC Connection Price Performance

Shares of NASDAQ:CNXN opened at $84.14 on Friday. PC Connection has a 1 year low of $54.97 and a 1 year high of $88.31. The company’s 50 day simple moving average is $76.06 and its 200 day simple moving average is $66.88. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 22.26, a price-to-earnings-growth ratio of 2.02 and a beta of 0.86.

PC Connection (NASDAQ:CNXN) last released its quarterly earnings data on Wednesday, July 29th. The company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.31. PC Connection had a return on equity of 10.90% and a net margin of 3.21%.The business had revenue of $854.00 million for the quarter, compared to analyst estimates of $764.79 million. As a group, analysts anticipate that PC Connection will post 4.18 EPS for the current fiscal year.

About PC Connection

PC Connection, Inc (NASDAQ: CNXN), now operating under the trade name Connection, is a value-added provider of information technology solutions founded in 1982 and headquartered in Merrimack, New Hampshire. The company offers a broad portfolio of hardware and software products sourced from leading technology vendors, alongside professional services designed to help organizations design, deploy and maintain IT environments.

Connection’s product offerings encompass desktop and notebook computers, servers and storage systems, networking and cybersecurity solutions, as well as cloud and virtualization technologies.