Ingram Micro Holding Corporation (NYSE:INGM) Announces Quarterly Dividend of $0.08

Key Points

• Ingram Micro Holding Corporation announced a quarterly dividend increase of $0.08 per share, marking a 2.6% rise compared to its previous dividend.
• The company reported an earnings per share (EPS) of $0.61 for the last quarter, slightly exceeding analysts' expectations.
• Ingram Micro's stock has shown a 52-week low of $14.25 and a high of $25.69, with recent trading activity reflecting 828,308 shares exchanged compared to an average volume of 389,742 shares.

Ingram Micro Holding Corporation (NYSE:INGM - Get Free Report) declared a quarterly dividend on Thursday, August 7th, Wall Street Journal reports. Shareholders of record on Tuesday, August 19th will be given a dividend of 0.078 per share on Tuesday, September 2nd. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, August 19th. This is a 2.6% increase from Ingram Micro's previous quarterly dividend of $0.08.

Ingram Micro Price Performance

Ingram Micro stock traded up $0.03 during trading hours on Monday, hitting $18.79. The stock had a trading volume of 316,518 shares, compared to its average volume of 428,263. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.39 and a quick ratio of 0.93. The stock has a market capitalization of $4.41 billion and a price-to-earnings ratio of 16.20. Ingram Micro has a 1-year low of $14.25 and a 1-year high of $25.69. The stock's fifty day moving average is $20.20 and its two-hundred day moving average is $19.86.

Ingram Micro (NYSE:INGM - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. The firm had revenue of $12.79 billion for the quarter, compared to the consensus estimate of $11.99 billion. Ingram Micro had a return on equity of 17.33% and a net margin of 0.53%. As a group, analysts predict that Ingram Micro will post 2.71 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ingram Micro

A number of hedge funds and other institutional investors have recently bought and sold shares of INGM. Victory Capital Management Inc. raised its position in shares of Ingram Micro by 32.2% in the first quarter. Victory Capital Management Inc. now owns 3,649,880 shares of the company's stock valued at $64,749,000 after buying an additional 889,075 shares in the last quarter. Capital World Investors acquired a new stake in shares of Ingram Micro in the 4th quarter worth about $68,295,000. Wellington Management Group LLP lifted its position in shares of Ingram Micro by 124.9% during the 1st quarter. Wellington Management Group LLP now owns 3,128,110 shares of the company's stock worth $55,493,000 after buying an additional 1,737,236 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Ingram Micro by 23.3% during the 1st quarter. American Century Companies Inc. now owns 2,307,133 shares of the company's stock worth $40,929,000 after purchasing an additional 436,701 shares during the last quarter. Finally, Ameriprise Financial Inc. purchased a new position in Ingram Micro in the 4th quarter valued at approximately $30,683,000.

Ingram Micro Company Profile

Ingram Micro is a leading solutions provider by revenue for the global information technology (“IT”) ecosystem helping power the world's leading technology brands. With our vast infrastructure and focus on client and endpoint solutions (formerly referred to as commercial & consumer, as described elsewhere in this prospectus), advanced solutions offerings and cloud-based solutions, we enable our business partners to scale and operate more efficiently in the markets they serve.