TD SYNNEX Corporation (SNX) to Issue Quarterly Dividend of $0.48 on January 30th

TD SYNNEX Corporation (NYSE:SNX) announced a quarterly dividend on Thursday, January 8th. Stockholders of record on Friday, January 16th will be paid a dividend of 0.48 per share by the business services provider on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, January 16th. This is a 9.1% increase from TD SYNNEX’s previous quarterly dividend of $0.44.

TD SYNNEX has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 5 years. TD SYNNEX has a payout ratio of 13.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect TD SYNNEX to earn $13.62 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 12.9%.

TD SYNNEX Stock Up 1.9%

Shares of NYSE SNX opened at $150.36 on Friday. TD SYNNEX has a 1 year low of $92.23 and a 1 year high of $167.76. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 0.71. The firm has a market cap of $12.24 billion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 1.01 and a beta of 1.37. The company has a 50 day simple moving average of $151.73 and a 200 day simple moving average of $149.88.

TD SYNNEX (NYSE:SNX) last issued its quarterly earnings data on Thursday, January 8th. The business services provider reported $3.83 earnings per share for the quarter, topping the consensus estimate of $3.68 by $0.15. The company had revenue of $17.38 billion for the quarter, compared to analysts’ expectations of $15.46 billion. TD SYNNEX had a net margin of 1.32% and a return on equity of 12.60%. TD SYNNEX’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.09 earnings per share. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. On average, research analysts forecast that TD SYNNEX will post 11.88 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.