PC Connection, Inc. (NASDAQ:CNXN – Get Free Report) declared a quarterly dividend on Tuesday, October 27th. Investors of record on Tuesday, November 10th will be given a dividend of $0.20 per share on Friday, November 27th. This represents a $0.80 annualized dividend and a yield of 1.0%. The ex-dividend date is Tuesday, November 10th.
PC Connection has a dividend payout ratio of 20.7% meaning its dividend is sufficiently covered by earnings. Analysts expect PC Connection to earn $4.78 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 16.7%.
PC Connection Price Performance
NASDAQ CNXN opened at $79.15 on Friday. PC Connection has a 1-year low of $54.97 and a 1-year high of $96.90. The company has a market capitalization of $2.00 billion, a P/E ratio of 19.54, a PEG ratio of 1.77 and a beta of 0.83. The business has a 50 day moving average price of $87.31 and a 200 day moving average price of $72.98.
PC Connection (NASDAQ:CNXN – Get Free Report) last posted its earnings results on Wednesday, October 28th. The company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.20. The company had revenue of $874.31 million for the quarter, compared to the consensus estimate of $773.74 million. PC Connection had a return on equity of 11.38% and a net margin of 3.25%. On average, research analysts expect that PC Connection will post 4.46 earnings per share for the current fiscal year.
PC Connection Company Profile
PC Connection, Inc is an information technology solutions provider that supplies technology products, services and expertise to businesses, government agencies, educational institutions and other organizations. The company helps customers plan, acquire, deploy and manage IT environments across workplace, data center, networking, security and cloud infrastructure.
Its offerings include computers, servers, storage systems, networking equipment, software, peripherals and related technology accessories.
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