PC Connection, Inc. Announces Quarterly Dividend of $0.10 (NASDAQ:CNXN)

PC Connection, Inc. (NASDAQ:CNXN - Get Free Report) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Stockholders of record on Tuesday, November 12th will be paid a dividend of 0.10 per share on Friday, November 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.62%. The ex-dividend date is Tuesday, November 12th.

PC Connection has a dividend payout ratio of 10.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect PC Connection to earn $3.90 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 10.3%.

PC Connection Trading Up 1.9 %

Shares of CNXN stock traded up $1.23 during trading hours on Friday, reaching $64.88. 90,947 shares of the stock were exchanged, compared to its average volume of 80,517. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 1.92 and a beta of 0.62. PC Connection has a 12-month low of $54.49 and a 12-month high of $77.19. The company's 50-day moving average price is $72.32 and its 200-day moving average price is $68.12.

PC Connection (NASDAQ:CNXN - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.04). The firm had revenue of $724.72 million during the quarter, compared to the consensus estimate of $726.98 million. PC Connection had a return on equity of 10.42% and a net margin of 3.23%. On average, sell-side analysts expect that PC Connection will post 3.52 EPS for the current year.

Insider Buying and Selling

In other PC Connection news, CEO Timothy J. Mcgrath sold 15,377 shares of the business's stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $70.18, for a total value of $1,079,157.86. Following the completion of the sale, the chief executive officer now directly owns 277,691 shares of the company's stock, valued at $19,488,354.38. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 56.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com raised PC Connection from a "buy" rating to a "strong-buy" rating in a research report on Thursday, August 29th.

PC Connection Company Profile

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.