Systemax Inc. (NYSE:SYX) to Issue $1.00 Special Dividend

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Systemax Inc. (NYSE:SYX) declared a special dividend on Friday, June 15th, Wall Street Journal reports. Stockholders of record on Monday, June 25th will be given a dividend of 1.00 per share on Monday, July 2nd. This represents a dividend yield of 1.16%. The ex-dividend date of this dividend is Friday, June 22nd.

Shares of Systemax traded down $1.35, hitting $34.31, during trading hours on Friday, MarketBeat reports. 222,330 shares of the company’s stock traded hands, compared to its average volume of 92,550. Systemax has a 52 week low of $17.33 and a 52 week high of $40.03. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 24.46 and a beta of 0.26.

Systemax (NYSE:SYX) last posted its quarterly earnings data on Tuesday, May 1st. The company reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.02. Systemax had a net margin of 5.58% and a return on equity of 24.34%. The company had revenue of $355.20 million during the quarter.

Separately, Sidoti upgraded shares of Systemax from a “neutral” rating to a “buy” rating and set a $36.00 target price for the company in a report on Tuesday, April 24th.

About Systemax

Systemax Inc operates as a direct marketer of brand name and private label products. Its Industrial Products Group segment sells a range of maintenance, repair, and operation products, including storage and shelving, material handling, janitorial and maintenance, furniture and office, HVAC/R and fans, workbench and shop desks, safety and security, outdoor and grounds maintenance, tools and instruments, office and school supplies, plumbing and pumps, packaging and supplies, electrical and lighting, food service and appliances, raw materials and building supplies, motors and power transmission, pneumatics and hydraulics, medical and laboratory equipment, metalworking and cutting tools, vehicle maintenance, and fasteners and hardware in North America.

Dividend History for Systemax (NYSE:SYX)

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