Systemax Inc. (NYSE:SYX) declared a quarterly dividend on Thursday, March 1st, Wall Street Journal reports. Shareholders of record on Friday, March 9th will be paid a dividend of 0.11 per share on Friday, March 16th. This represents a $0.44 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Thursday, March 8th. This is a positive change from Systemax’s previous quarterly dividend of $0.10.
NYSE:SYX traded up $0.03 during trading hours on Thursday, hitting $28.53. 72,667 shares of the stock traded hands, compared to its average volume of 100,321. Systemax has a 1 year low of $10.09 and a 1 year high of $34.91. The company has a market capitalization of $1,075.08, a P/E ratio of 27.17 and a beta of 0.22.
Systemax (NYSE:SYX) last released its earnings results on Tuesday, February 27th. The company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. Systemax had a net margin of 3.19% and a return on equity of 22.15%. The firm had revenue of $330.60 million for the quarter.
Systemax Inc is a direct marketer of brand name and private label products. The Company’s segments are Industrial Products Group (IPG), EMEA Technology Products Group (EMEA), and Corporate and Other (Corporate). The IPG segment sells an array of maintenance, repair and operational (MRO) products, which are marketed in North America.
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