TD SYNNEX Corporation (SNX) to Issue Quarterly Dividend of $0.48 on October 30th

TD SYNNEX Corporation (NYSE:SNX) announced a quarterly dividend on Thursday, September 24th. Stockholders of record on Friday, October 16th will be given a dividend of $0.48 per share by the business services provider on Friday, October 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, October 16th.

TD SYNNEX has raised its dividend by an average of 0.3%annually over the last three years and has raised its dividend every year for the last 5 years. TD SYNNEX has a dividend payout ratio of 14.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect TD SYNNEX to earn $20.86 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 9.2%.

TD SYNNEX Stock Up 1.3%

TD SYNNEX stock opened at $262.84 on Friday. The company has a fifty day simple moving average of $257.35 and a 200 day simple moving average of $237.39. The company has a current ratio of 1.19, a quick ratio of 0.64 and a debt-to-equity ratio of 0.39. TD SYNNEX has a 1-year low of $142.22 and a 1-year high of $298.77. The company has a market cap of $21.02 billion, a P/E ratio of 16.02, a price-to-earnings-growth ratio of 0.72 and a beta of 1.43.

TD SYNNEX (NYSE:SNX) last announced its quarterly earnings data on Thursday, September 24th. The business services provider reported $5.68 earnings per share for the quarter, beating the consensus estimate of $4.70 by $0.98. The company had revenue of $21.56 billion during the quarter, compared to analysts’ expectations of $18.91 billion. TD SYNNEX had a return on equity of 16.78% and a net margin of 1.75%.TD SYNNEX’s revenue for the quarter was up 37.7% compared to the same quarter last year. During the same quarter last year, the company earned $3.58 EPS. TD SYNNEX has set its Q4 2026 guidance at 5.650-6.150 EPS. Research analysts anticipate that TD SYNNEX will post 18.16 earnings per share for the current fiscal year.

Insider Buying and Selling at TD SYNNEX

In other TD SYNNEX news, Director Ann F. Vezina sold 1,273 shares of the stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $256.05, for a total transaction of $325,951.65. Following the sale, the director directly owned 5,828 shares in the company, valued at $1,492,259.40. This represents a 17.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard T. Hume sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $262.21, for a total transaction of $1,311,050.00. Following the completion of the transaction, the director directly owned 13,537 shares in the company, valued at approximately $3,549,536.77. This represents a 26.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 11,273 shares of company stock worth $2,851,852. 0.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in TD SYNNEX during the second quarter worth $1,958,683,000. Geode Capital Management LLC raised its holdings in shares of TD SYNNEX by 6.9% during the 4th quarter. Geode Capital Management LLC now owns 1,532,784 shares of the business services provider’s stock worth $230,315,000 after buying an additional 99,090 shares in the last quarter. Metropolis Capital Ltd lifted its position in shares of TD SYNNEX by 9.5% during the 1st quarter. Metropolis Capital Ltd now owns 1,281,307 shares of the business services provider’s stock worth $216,169,000 after buying an additional 111,222 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in TD SYNNEX in the second quarter valued at about $149,728,000. Finally, Norges Bank bought a new position in TD SYNNEX in the fourth quarter valued at about $148,559,000. 84.00% of the stock is owned by institutional investors.

TD SYNNEX Company Profile

TD SYNNEX Corporation (NYSE: SNX) is a global technology distributor and solutions aggregator that connects technology manufacturers with resellers, systems integrators, managed service providers and other business partners. The company helps its partners design, procure, configure and deliver technology solutions to organizations across a range of industries.

Its portfolio includes personal computing devices, peripherals, networking equipment, data-center infrastructure, cybersecurity products, software and cloud services.