PC Connection, Inc. (CNXN) To Go Ex-Dividend on December 28th

PC Connection, Inc. (NASDAQ:CNXN) announced a special dividend on Tuesday, December 19th, Wall Street Journal reports. Stockholders of record on Friday, December 29th will be given a dividend of 0.34 per share on Friday, January 12th. The ex-dividend date of this dividend is Thursday, December 28th.

PC Connection (NASDAQ CNXN) traded down $0.14 on Wednesday, hitting $26.53. The stock had a trading volume of 28,400 shares, compared to its average volume of 46,902. The company has a market cap of $711.42, a P/E ratio of 15.16, a PEG ratio of 1.84 and a beta of 1.59. PC Connection has a 52 week low of $23.52 and a 52 week high of $30.48.

PC Connection (NASDAQ:CNXN) last announced its earnings results on Thursday, October 26th. The company reported $0.49 earnings per share for the quarter, meeting the consensus estimate of $0.49. PC Connection had a return on equity of 10.84% and a net margin of 1.63%. The firm had revenue of $729.23 million during the quarter, compared to the consensus estimate of $727.84 million. During the same quarter in the prior year, the company earned $0.53 EPS. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. sell-side analysts forecast that PC Connection will post 1.81 EPS for the current fiscal year.

In other PC Connection news, CEO Timothy J. Mcgrath sold 5,805 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $26.85, for a total value of $155,864.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Barbara Duckett sold 1,123 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $27.56, for a total value of $30,949.88. Following the completion of the sale, the director now owns 15,877 shares of the company’s stock, valued at approximately $437,570.12. The disclosure for this sale can be found here. 57.30% of the stock is owned by corporate insiders.

Several analysts recently weighed in on CNXN shares. ValuEngine upgraded PC Connection from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st. BidaskClub upgraded PC Connection from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. Finally, Zacks Investment Research downgraded PC Connection from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th.

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About PC Connection

PC Connection, Inc is a provider of a range of information technology (IT) solutions. The Company conducts its business operations through three business segments: small- to medium-sized businesses (SMB), Large Account and Public Sector. The Company enables customers to design, enable, manage and service their IT environments.

Dividend History for PC Connection (NASDAQ:CNXN)

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