Systemax Inc. (SYX) to Issue $0.10 Quarterly Dividend
Systemax Inc. (NYSE:SYX) declared a quarterly dividend on Monday, October 30th, NASDAQ reports. Investors of record on Monday, November 13th will be paid a dividend of 0.10 per share on Monday, November 20th. This represents a $0.40 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Friday, November 10th.
Systemax (NYSE SYX) opened at $30.46 on Friday. Systemax has a twelve month low of $7.05 and a twelve month high of $32.33. The firm has a market capitalization of $1,127.57, a price-to-earnings ratio of 29.29 and a beta of 0.15.
Several research firms have weighed in on SYX. BidaskClub lowered Systemax from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Sidoti raised Systemax from a “neutral” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Wednesday, August 2nd.
In other news, CEO Lawrence P. Reinhold sold 80,203 shares of the company’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $26.79, for a total value of $2,148,638.37. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Thomas Axmacher sold 10,314 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $24.45, for a total value of $252,177.30. Following the completion of the sale, the vice president now owns 5,125 shares in the company, valued at $125,306.25. The disclosure for this sale can be found here. Insiders sold 146,283 shares of company stock worth $3,788,403 in the last three months. 69.60% of the stock is owned by corporate insiders.
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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