PC Connection, Inc. (NASDAQ:CNXN) Announces $0.15 Quarterly Dividend

Key Points

• PC Connection, Inc. has declared a quarterly dividend of $0.15 per share, which will be paid to investors of record on August 12th with payment on August 29th.
• The company's dividend payout ratio is 15.5%, indicating it is well-supported by earnings, and analysts expect a future payout ratio of 16.0% with projected earnings of $3.76 per share next year.
• PC Connection's stock has recently traded down 3.8% to $61.59, with a market cap of $1.56 billion and a P/E ratio of 18.66.

PC Connection, Inc. (NASDAQ:CNXN - Get Free Report) announced a quarterly dividend on Tuesday, July 29th, Wall Street Journal reports. Investors of record on Tuesday, August 12th will be given a dividend of 0.15 per share on Friday, August 29th. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Tuesday, August 12th.

PC Connection has a payout ratio of 15.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect PC Connection to earn $3.76 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 16.0%.

PC Connection Trading Up 0.5%

Shares of NASDAQ CNXN traded up $0.28 during midday trading on Monday, reaching $61.24. The company's stock had a trading volume of 5,777 shares, compared to its average volume of 105,319. The company has a 50 day moving average price of $65.32 and a 200 day moving average price of $65.15. PC Connection has a one year low of $56.72 and a one year high of $77.19. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 18.65, a price-to-earnings-growth ratio of 1.74 and a beta of 0.72.

PC Connection (NASDAQ:CNXN - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.97 EPS for the quarter, topping analysts' consensus estimates of $0.91 by $0.06. PC Connection had a net margin of 2.97% and a return on equity of 9.74%. The business had revenue of $759.69 million for the quarter, compared to the consensus estimate of $774.66 million. Research analysts anticipate that PC Connection will post 3.33 earnings per share for the current fiscal year.

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.