Wayside Technology Group Inc. (NASDAQ:WSTG) Chairman Simon F. Nynens sold 2,905 shares of the firm’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $17.06, for a total value of $49,559.30. Following the completion of the transaction, the chairman now directly owns 317,419 shares in the company, valued at $5,415,168.14. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Wayside Technology Group Inc. (NASDAQ:WSTG) opened at 17.00 on Friday. The company has a 50-day moving average price of $17.50 and a 200-day moving average price of $17.65. Wayside Technology Group Inc. has a one year low of $15.47 and a one year high of $19.50. The company has a market capitalization of $76.60 million, a PE ratio of 14.04 and a beta of 0.31.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 18th. Stockholders of record on Tuesday, November 8th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date is Friday, November 4th. Wayside Technology Group’s payout ratio is presently 55.74%.

About Wayside Technology Group

Wayside Technology Group, Inc is an information technology (IT) channel company. The Company operates through two segments: Lifeboat Distribution and TechXtend. The Lifeboat Distribution segment distributes technical software to corporate resellers, value added resellers, consultants and systems integrators around the world.

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