PC Connection, Inc. (NASDAQ:CNXN) Plans Quarterly Dividend of $0.10

PC Connection, Inc. (NASDAQ:CNXN) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Investors of record on Tuesday, November 12th will be given a dividend of 0.10 per share on Friday, November 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend is Tuesday, November 12th.

PC Connection has a dividend payout ratio of 10.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect PC Connection to earn $3.90 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 10.3%.

PC Connection Price Performance

Shares of PC Connection stock opened at $63.65 on Friday. PC Connection has a 1 year low of $51.63 and a 1 year high of $77.19. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 18.67, a PEG ratio of 1.92 and a beta of 0.62. The firm’s 50-day moving average is $72.44 and its two-hundred day moving average is $68.15.

PC Connection (NASDAQ:CNXN) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.04). The business had revenue of $724.72 million for the quarter, compared to analysts’ expectations of $726.98 million. PC Connection had a net margin of 3.23% and a return on equity of 10.42%. On average, equities analysts expect that PC Connection will post 3.52 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com raised PC Connection from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 29th.

Insider Buying and Selling at PC Connection

In related news, CEO Timothy J. Mcgrath sold 15,377 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $70.18, for a total transaction of $1,079,157.86. Following the completion of the transaction, the chief executive officer now owns 277,691 shares in the company, valued at $19,488,354.38. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 56.90% of the company’s stock.

About PC Connection

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.