TD SYNNEX Corporation (SNX) to Distribute Quarterly Dividend of $0.48 on July 31st

TD SYNNEX Corporation (NYSE:SNX) declared a quarterly dividend on Thursday, June 25th. Stockholders of record on Friday, July 17th will be paid 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 0.8%. The ex-dividend date is Friday, July 17th.

TD SYNNEX has increased its dividend payment by an average of 0.3%annually over the last three years and has increased its dividend every year for the last 5 years. TD SYNNEX has a dividend payout ratio of 14.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect TD SYNNEX to earn $20.40 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 9.4%.

TD SYNNEX Stock Performance

Shares of TD SYNNEX stock opened at $253.35 on Wednesday. TD SYNNEX has a one year low of $139.23 and a one year high of $296.47. The company has a market cap of $20.26 billion, a PE ratio of 18.14, a P/E/G ratio of 0.71 and a beta of 1.43. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.64 and a current ratio of 1.20. The business has a 50-day simple moving average of $256.75 and a 200-day simple moving average of $200.72.

TD SYNNEX (NYSE:SNX) last issued its earnings results on Thursday, June 25th. The business services provider reported $4.85 earnings per share for the quarter, beating the consensus estimate of $4.14 by $0.71. TD SYNNEX had a net margin of 1.63% and a return on equity of 15.37%. The firm had revenue of $19.57 billion for the quarter, compared to analysts’ expectations of $16.80 billion. During the same quarter last year, the company earned $2.99 earnings per share. The firm’s revenue was up 31.0% compared to the same quarter last year. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. On average, equities research analysts forecast that TD SYNNEX will post 18.02 EPS for the current fiscal year.

Insider Activity

In other news, Director Richard T. Hume sold 5,000 shares of the company’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $242.97, for a total value of $1,214,850.00. Following the completion of the transaction, the director owned 18,537 shares in the company, valued at approximately $4,503,934.89. This represents a 21.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 20,000 shares of company stock valued at $4,933,700. Corporate insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On TD SYNNEX

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank acquired a new position in TD SYNNEX in the fourth quarter valued at $148,559,000. Alyeska Investment Group L.P. acquired a new stake in shares of TD SYNNEX during the third quarter worth about $135,631,000. AQR Capital Management LLC grew its holdings in shares of TD SYNNEX by 141.8% during the fourth quarter. AQR Capital Management LLC now owns 934,772 shares of the business services provider’s stock worth $140,431,000 after buying an additional 548,180 shares during the last quarter. Wedge Capital Management L L P NC purchased a new position in shares of TD SYNNEX during the fourth quarter worth about $60,104,000. Finally, Marshall Wace LLP increased its position in TD SYNNEX by 6,626.0% in the 3rd quarter. Marshall Wace LLP now owns 402,754 shares of the business services provider’s stock valued at $65,951,000 after acquiring an additional 396,766 shares during the period. 84.00% of the stock is currently owned by institutional investors and hedge funds.

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.