Climb Global Solutions, Inc. Declares Quarterly Dividend of $0.17 (NASDAQ:CLMB)

Climb Global Solutions, Inc. (NASDAQ:CLMB - Get Free Report) announced a quarterly dividend on Wednesday, March 5th, RTT News reports. Stockholders of record on Monday, March 17th will be paid a dividend of 0.17 per share on Friday, March 21st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Monday, March 17th.

Climb Global Solutions Stock Down 1.6 %

Shares of CLMB traded down $2.13 during mid-day trading on Friday, reaching $131.86. The company had a trading volume of 53,783 shares, compared to its average volume of 30,075. Climb Global Solutions has a 52-week low of $49.69 and a 52-week high of $144.99. The stock has a market capitalization of $607.48 million, a P/E ratio of 35.73, a PEG ratio of 1.74 and a beta of 1.18. The stock has a 50 day moving average of $126.73 and a two-hundred day moving average of $116.43.

Wall Street Analyst Weigh In

Separately, Barrington Research restated an "outperform" rating and issued a $136.00 target price on shares of Climb Global Solutions in a research report on Thursday.

About Climb Global Solutions

Climb Global Solutions Inc operates as a value-added information technology (IT) distribution and solutions company in the United States, Canada, Europe, the United Kingdom, and internationally. It operates in two segments, Distribution and Solutions. The company distributes technical software to corporate and value-added resellers, consultants, and systems integrators under the name Climb Channel Solutions; and provides cloud solutions and resells software, hardware, and services under the name Grey Matter.