TD SYNNEX Corporation (NYSE:SNX) Plans $0.48 Quarterly Dividend

TD SYNNEX Corporation (NYSE:SNX) announced a quarterly dividend on Thursday, June 25th. Stockholders of record on Friday, July 17th will be given a dividend of 0.48 per share by the business services provider on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, July 17th.

TD SYNNEX has increased its dividend payment by an average of 0.3%per year over the last three years and has increased its dividend every year for the last 5 years. TD SYNNEX has a payout ratio of 14.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect TD SYNNEX to earn $17.61 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 10.9%.

TD SYNNEX Stock Performance

SNX traded down $5.77 during midday trading on Thursday, hitting $277.45. 1,604,650 shares of the company traded hands, compared to its average volume of 915,089. The company’s 50-day moving average is $248.56 and its 200 day moving average is $191.65. The firm has a market capitalization of $22.30 billion, a PE ratio of 23.06, a price-to-earnings-growth ratio of 1.17 and a beta of 1.43. The company has a quick ratio of 0.71, a current ratio of 1.22 and a debt-to-equity ratio of 0.41. TD SYNNEX has a 52 week low of $133.71 and a 52 week high of $296.47.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings results on Thursday, June 25th. The business services provider reported $4.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.14 by $0.71. The business had revenue of $19.57 billion during the quarter, compared to analyst estimates of $16.80 billion. TD SYNNEX had a return on equity of 14.03% and a net margin of 1.52%.TD SYNNEX’s revenue for the quarter was up 31.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.99 earnings per share. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. On average, research analysts expect that TD SYNNEX will post 15.88 EPS for the current year.

About TD SYNNEX

TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the information technology industry. Formed in September 2021 through the merger of Tech Data and SYNNEX Corporation, the company provides a comprehensive range of products, services and solutions that span hardware, software, cloud, mobility, security and data center technologies. TD SYNNEX partners with vendors, resellers and system integrators to design, deploy and support IT infrastructures across diverse market segments, including commercial enterprises, public sector organizations and retail operations.

The company’s core business activities include the distribution of technology products from manufacturers such as servers, storage, networking equipment and peripherals, as well as the resale and provisioning of software licenses and cloud-based solutions.