Ingram Micro Holding Corporation (NYSE:INGM) to Issue Dividend Increase - $0.08 Per Share

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) announced a quarterly dividend on Thursday, August 7th, Wall Street Journal reports. Investors of record on Tuesday, August 19th will be paid a dividend of 0.078 per share on Tuesday, September 2nd. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Tuesday, August 19th. This is a 2.6% increase from Ingram Micro's previous quarterly dividend of $0.08.

Ingram Micro Trading Down 0.0%

Shares of INGM stock traded down $0.01 during mid-day trading on Thursday, hitting $18.87. The company's stock had a trading volume of 828,308 shares, compared to its average volume of 389,742. Ingram Micro has a 52-week low of $14.25 and a 52-week high of $25.69. The business has a 50-day moving average price of $20.22 and a 200 day moving average price of $19.98. The company has a quick ratio of 0.95, a current ratio of 1.40 and a debt-to-equity ratio of 0.78.

Ingram Micro (NYSE:INGM - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.01. The company had revenue of $12.79 billion during the quarter, compared to the consensus estimate of $11.99 billion. As a group, equities research analysts forecast that Ingram Micro will post 2.71 EPS for the current fiscal year.

Institutional Trading of Ingram Micro

Hedge funds and other institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System purchased a new stake in shares of Ingram Micro during the fourth quarter worth approximately $26,000. CWM LLC purchased a new stake in shares of Ingram Micro during the 1st quarter worth $26,000. Wells Fargo & Company MN acquired a new position in shares of Ingram Micro during the fourth quarter worth $45,000. Cohen & Steers Inc. purchased a new stake in Ingram Micro during the 4th quarter worth about $48,000. Finally, Tower Research Capital LLC TRC acquired a new position in shares of Ingram Micro during the 4th quarter worth about $52,000.

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.

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