TD SYNNEX Corporation (SNX) To Go Ex-Dividend on July 17th

TD SYNNEX Corporation (NYSE:SNX) declared a quarterly dividend on Thursday, June 25th. Shareholders of record on Friday, July 17th will be given a dividend of 0.48 per share by the business services provider on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, July 17th.

TD SYNNEX has raised its dividend by an average of 0.3%per year over the last three years and has increased its dividend annually for the last 5 consecutive years. TD SYNNEX has a dividend payout ratio of 14.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect TD SYNNEX to earn $17.61 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 10.9%.

TD SYNNEX Price Performance

Shares of SNX opened at $266.17 on Friday. TD SYNNEX has a 52 week low of $133.71 and a 52 week high of $296.47. The company has a current ratio of 1.20, a quick ratio of 0.71 and a debt-to-equity ratio of 0.40. The firm has a market cap of $21.40 billion, a price-to-earnings ratio of 19.05, a PEG ratio of 1.14 and a beta of 1.43. The stock has a 50 day moving average of $249.78 and a 200-day moving average of $192.17.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings results on Thursday, June 25th. The business services provider reported $4.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.14 by $0.71. TD SYNNEX had a return on equity of 15.37% and a net margin of 1.63%.The business had revenue of $19.57 billion for the quarter, compared to analyst estimates of $16.80 billion. During the same period in the prior year, the company posted $2.99 EPS. The business’s revenue was up 31.0% compared to the same quarter last year. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. As a group, analysts forecast that TD SYNNEX will post 15.88 EPS for the current year.

TD SYNNEX Company Profile

TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the information technology industry. Formed in September 2021 through the merger of Tech Data and SYNNEX Corporation, the company provides a comprehensive range of products, services and solutions that span hardware, software, cloud, mobility, security and data center technologies. TD SYNNEX partners with vendors, resellers and system integrators to design, deploy and support IT infrastructures across diverse market segments, including commercial enterprises, public sector organizations and retail operations.

The company’s core business activities include the distribution of technology products from manufacturers such as servers, storage, networking equipment and peripherals, as well as the resale and provisioning of software licenses and cloud-based solutions.