TD SYNNEX Corporation (NYSE:SNX) Shares Will Pay Quarterly Dividend of $0.48

TD SYNNEX Corporation (NYSE:SNX) announced a quarterly dividend on Thursday, September 24th. Shareholders of record on Friday, October 16th will be given a dividend of $0.48 per share by the business services provider on Friday, October 30th. This represents a $1.92 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, October 16th.

TD SYNNEX has increased its dividend payment by an average of 0.3%annually over the last three years and has raised its dividend every year for the last 5 years. TD SYNNEX has a payout ratio of 14.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect TD SYNNEX to earn $20.86 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 9.2%.

TD SYNNEX Price Performance

Shares of SNX stock traded down $28.31 during mid-day trading on Thursday, reaching $259.58. The stock had a trading volume of 3,709,922 shares, compared to its average volume of 817,537. TD SYNNEX has a 12-month low of $142.22 and a 12-month high of $298.77. The company has a market cap of $20.76 billion, a P/E ratio of 18.58, a price-to-earnings-growth ratio of 0.79 and a beta of 1.43. The business has a 50-day simple moving average of $256.64 and a 200 day simple moving average of $236.49. The company has a current ratio of 1.20, a quick ratio of 0.64 and a debt-to-equity ratio of 0.40.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings data on Thursday, September 24th. The business services provider reported $5.68 EPS for the quarter, topping the consensus estimate of $4.70 by $0.98. TD SYNNEX had a net margin of 1.63% and a return on equity of 15.37%. The business had revenue of $21.56 billion for the quarter, compared to analyst estimates of $18.91 billion. During the same period in the previous year, the firm earned $3.58 EPS. The business’s revenue for the quarter was up 37.7% compared to the same quarter last year. TD SYNNEX has set its Q4 2026 guidance at 5.650-6.150 EPS. On average, sell-side analysts anticipate that TD SYNNEX will post 18.16 earnings per share for the current year.

Insider Buying and Selling at TD SYNNEX

In other TD SYNNEX news, Director Ann Vezina sold 1,273 shares of the stock in a transaction on Friday, July 31st. The stock was sold at an average price of $256.05, for a total transaction of $325,951.65. Following the transaction, the director owned 5,828 shares of the company’s stock, valued at $1,492,259.40. This represents a 17.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Richard Hume sold 5,000 shares of the firm’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $242.97, for a total value of $1,214,850.00. Following the sale, the director owned 18,537 shares in the company, valued at $4,503,934.89. This trade represents a 21.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 11,273 shares of company stock valued at $2,851,852 over the last quarter. 0.70% of the stock is currently owned by insiders.

Institutional Trading of TD SYNNEX

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of TD SYNNEX during the 2nd quarter valued at about $1,958,683,000. Geode Capital Management LLC grew its holdings in TD SYNNEX by 6.9% in the fourth quarter. Geode Capital Management LLC now owns 1,532,784 shares of the business services provider’s stock valued at $230,315,000 after purchasing an additional 99,090 shares during the period. Metropolis Capital Ltd increased its position in TD SYNNEX by 9.5% during the first quarter. Metropolis Capital Ltd now owns 1,281,307 shares of the business services provider’s stock worth $216,169,000 after purchasing an additional 111,222 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in TD SYNNEX during the second quarter worth approximately $149,728,000. Finally, Norges Bank purchased a new position in TD SYNNEX during the fourth quarter worth approximately $148,559,000. Hedge funds and other institutional investors own 84.00% of the company’s stock.

About TD SYNNEX

TD SYNNEX Corporation (NYSE: SNX) is a global technology distributor and solutions aggregator that connects technology manufacturers with resellers, systems integrators, managed service providers and other business partners. The company helps its partners design, procure, configure and deliver technology solutions to organizations across a range of industries.

Its portfolio includes personal computing devices, peripherals, networking equipment, data-center infrastructure, cybersecurity products, software and cloud services.