PC Connection, Inc. Declares Special Cash Dividend, Payable on December 3, 2021
November 04, 2021 at 04:05 pm EDT
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Connection (PC Connection, Inc.) announced that its board of directors declared a special cash dividend of $1.00 per share payable on December 3, 2021, to shareholders of record at the close of business on November 18, 2021. The aggregate amount of the special dividend payment will be approximately $26.2 million based on the current number of shares outstanding.
PC Connection, Inc. delivers custom-configured computer systems overnight from its ISO 9001:2015 certified technical configuration lab at its distribution center in Wilmington, Ohio. The Company provides a range of information technology (IT) solutions, from the desktop to the cloud, including computer systems, data center solutions, software and peripheral equipment, networking communication, and other products and accessories, which the Company purchases from manufacturers, distributors and other suppliers. The Company operates through three segments: Connection Enterprise Solutions, Connection Business Solutions and Connection Public Sector Solutions. Connection Enterprise Solutions segment is engaged in serving large enterprise customers. Connection Business Solutions segment is engaged in serving small to medium-sized businesses (SMBs). Connection Public Sector Solutions segment is engaged in serving federal, state, and local government and educational institutions.