TD SYNNEX Corporation (NYSE:SNX) Shareholders to Collect $0.48 Quarterly Dividend

Key Points

• TD SYNNEX declared a quarterly dividend of $0.48 per share, payable October 30 to shareholders of record October 16. The annualized dividend is $1.92, yielding approximately 0.7%, and the company has increased its dividend for five consecutive years.
• The company reported strong third-quarter results, with EPS of $5.68 and revenue of $21.56 billion, up 37.7% year over year and above analyst expectations. Fourth-quarter guidance also exceeded consensus estimates, supported by resilient data-center demand and growth in AI and cloud infrastructure.
• Despite the earnings and guidance beats, SNX shares fell sharply as investors focused on weak cash flow and working-capital pressures amid rapid revenue growth, along with elevated expectations following the stock’s recent 52-week high.

TD SYNNEX Corporation (NYSE:SNX - Get Free Report) announced a quarterly dividend on Thursday, September 24th. Investors of record on Friday, October 16th will be paid 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 yield of 0.7%. The ex-dividend date is Friday, October 16th.

TD SYNNEX has raised its dividend payment 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 payout ratio of 14.4% indicating that its dividend is sufficiently covered by earnings. 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 Performance

Shares of SNX stock traded down $28.31 during mid-day trading on Thursday, hitting $259.58. 3,709,922 shares of the stock were exchanged, compared to its average volume of 817,537. The stock's fifty day simple moving average is $256.64 and its two-hundred day simple moving average is $236.49. The stock has a market capitalization of $20.76 billion, a price-to-earnings ratio of 18.58, a P/E/G ratio of 0.79 and a beta of 1.43. TD SYNNEX has a 12-month low of $142.22 and a 12-month high of $298.77. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.64 and a current ratio of 1.20.

TD SYNNEX (NYSE:SNX - Get Free Report) last announced its earnings results on Thursday, September 24th. The business services provider reported $5.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.70 by $0.98. The firm 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 15.37% and a net margin of 1.63%.The business's revenue was up 37.7% on a year-over-year basis. During the same period in the prior year, the firm earned $3.58 EPS. TD SYNNEX has set its Q4 2026 guidance at 5.650-6.150 EPS. On average, analysts forecast that TD SYNNEX will post 18.16 EPS for the current year.

TD SYNNEX News Summary

Here are the key news stories impacting TD SYNNEX this week:

• Positive Sentiment: TD SYNNEX reported third-quarter EPS of $5.68, well above consensus estimates near $4.70, and revenue of $21.56 billion, up 37.7% year over year and substantially ahead of expectations. TD SYNNEX Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Fourth-quarter guidance was also stronger than analysts expected: EPS of $5.65-$6.15 versus an approximately $4.80 consensus, and revenue of $21.8-$22.6 billion versus estimates near $19.4 billion. TD Synnex Slides Even as Q3 Results and Guidance Top Estimates
• Positive Sentiment: Management said data-center demand remains resilient, helping support investor confidence in AI infrastructure, cloud, and technology-distribution growth. TD SYNNEX also continues expanding its enterprise AI ecosystem, including its Anthropic reseller authorization for Amazon Bedrock. TD SYNNEX Says Data Center Demand Isn’t Cracking
• Neutral Sentiment: Analyst price targets remain broadly above the current trading level, with a reported median target of $307.50, although institutional positioning was mixed and recent insider activity consisted entirely of sales. SYNNEX Releases Q3 2026 Earnings
• Negative Sentiment: The main concern was cash flow. Investors appear worried that rapid revenue growth is tying up working capital and limiting cash conversion, overshadowing the earnings and guidance beats. TD Synnex Falls After Beating Earnings Estimates. Cash Flow Is the Culprit.
• Negative Sentiment: The sharp investor reaction suggests expectations were already elevated after SNX reached a 52-week high, leaving the stock vulnerable to profit-taking when cash flow and balance-sheet metrics failed to match the strength of reported earnings. TD SYNNEX Says Data Center Demand Isn’t Cracking

About TD SYNNEX

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.

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